Walter Sturhahn, 71, lost his inheritance
When Walter Sturhahn's mother cashed out her $200,000 segregated fund to invest with an insurance agent who later declared bankruptcy, he lost his inheritance.JOHN LEHMANN
When insurance regulators began looking into Vancouver-based Lynne Zlotnik Wealth Management Inc. this year – a firm she created in 2006 to sell life insurance and other investment products – they were troubled by what they found. Several of her clients had invested a total of more than $1.4-million in her company on the promise of a lucrative return. The clients included 96-year-old Katie Sturhahn, who cashed out a $200,000 segregated fund, an investment fund that comes with insurance guarantees, and instead put her faith in the insurance agent.JOHN LEHMANN
Walt Sturhahn in his home in Vancouver.JOHN LEHMANN
Walt Sturhahn holds a picture of his late mother, Katie Sturhahn, at his home in Vancouver.John Lehmann/The Globe and Mail