NEW HANOVER COUNTY, NC (WECT) - A lawsuit has been filed in Superior Court against State Senator Thom Goolsby (R-New Hanover), his business partner and their investment company.
According to court documents we've obtained, Empowered Investor Incorporated provides advice on investments and financial portfolio management.
The plaintiffs in the lawsuit are claiming that Goolsby, along with his partner James Upham, were responsible for substantial losses to their accounts.
The plaintiffs claim the investment company failed to follow their own advise when it came to selling stocks in a timely manner resulting in huge losses for their clients.
When reached for comment, Goolsby said he wasn't aware of the suit.
Copyright 2013 WECT. All rights reserved.