Texas retiree lost her $487K nest egg to an investment scam — Ramsey Show co-hosts tell her it's time to face reality

When Cathy called into The Ramsey Show, she was already six months into a nightmare. The 68-year-old from Texas admitted she had gotten involved with an “online investment group” and wound up losing everything. (1) She retired from her job of 36 years and cashed out her entire 401(k) and pension — handing over $487,000. In addition, she borrowed $50,000 from her brother, who also invested $110,000 of his own money. Must Read "Last month they ghosted us and froze our accounts, and we lost it all," Cathy ...