A man is suing over claims he lost more than $49,000 of his retirement savings after being pressured by a psychologist to invest savings with the doctor's financial enterprise.
David Phillips filed a lawsuit Dec. 3 in Cook County Circuit Court against Dr. Donald Miro, Miro Financial Enterprises and Claret Center Inc., citing professional malpractice, negligent supervision and fraudulent misrepresentation.
According to the complaint, Miro is a clinical psychologist and the Chief Operating Officer of Miro Financial Enterprises. He also allegedly founded Claret in 1979 to provide services in various areas of therapy.
Phillips claims he began undergoing psychological treatment with Miro at Claret on March 31, 2008. He alleges that from November 2008 through April 2010, Miro abused his psychologist/patient relationship by pressuring and soliciting Phillips to give Miro and Miro Financial complete control and authority to invest his retirement savings.
The complaint states Miro was able to exercise undue influence and coercion over Phillips' savings due to his knowledge of Phillips' fragile psychological state.
Phillips alleges in his suit that Miro and Miro Financial Enterprises lost more than $49,000 of his $53,052 retirement savings they had obtained access to.
He is seeking a judgement in excess of $50,000, along with punitive damages and attorney's fees. He is being represented in the case by attorneys William P. Boznos and George S. Bellas of Bellas & Wachowski.
Cook County Circuit Court Case No. 2013L013697.
This is a report on a civil lawsuit filed in the Circuit Court of Cook County. The details in this report come from an original complaint filed by a plaintiff. Please note, a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it only represents one side of the story.