JPMorgan Client With Dementia Loses $50 Million in 5 Years

· Bloomberg ·

1 min read Original article ↗

By the time Peter Doelger signed the paperwork to have JPMorgan Chase & Co. handle his fortune, he had built a company spanning the US, sold it to a conglomerate and bet the proceeds on stocks and oil, beating the markets.

By 78, he said he was worth at least $50 million. And, according to his family, he was starting to show signs of dementia.