Vicki Gunvalson “vehemently denies” the recent claims of financial and elder abuse laid against her in a lawsuit filed by Diane Field.
An attorney for the “RHOC” alum told Page Six in a statement that the reality TV star is “outraged by the false allegations being made against her” in Field’s recent suit and claims Gunvalson “followed the direction of her client” by “placing the insurance products Ms. Field requested regarding the annuities and the life insurance policy.”
“Victoria Gunvalson is a well-respected insurance broker with more than 34 years of experience. She has helped thousands of clients. Ms. Gunvalson vehemently denies each and every allegation of Diane Field’s Complaint against Ms. Gunvalson and Coto Insurance Services,” the statement reads.
“Ms. Gunvalson did not engage in any conduct that could be considered financial elder abuse, breach of fiduciary duty, or fraud. Victoria Gunvalson remains committed to the highest standards of integrity and transparency.”
“Needless to say, we are outraged by the false allegations being made against her. We will vigorously defend her good name and reputation in this lawsuit,” Gunvalson’s attorney concluded.
In the original suit filed by Field and obtained by Page Six on Wednesday, Field claims that Gunvalson and her business partner Ali Hashemian took advantage of the 74-year-old with their “fraudulent sales tactics.”
Field, who had a combined net worth of $6 million with her late husband, George Field, due in part to investments they had made in stocks and funds she inherited from her deceased mother in 2002, alleges she first became acquainted with Gunvalson at a dinner hosted by the Bravolebrity’s Coto Insurance and Financial Services in 2016.
It was there that Gunvalson allegedly took an interest in Field’s wealth, promising her a “safer diversified plan” that would also “help lower the taxes she had been paying” and increase “future/potential financial capital for her children.”
She claims Gunvalson and her business partner advised her to invest in a life insurance policy, which she believed was a “one and done” deal of $300,000 to cover the $6,000,000 payout for her family when she passed.
However, after discovering the $300,000 was not a one-time payment and is instead an annual fee, she’s now accusing Gunvalson of “intentional, misleading, and false misrepresentation.”
Gunvalson also faced financial and elder abuse claims in 2019 when she was sued by Joan Lile, an 82-year-old woman.
Lile claimed she paid Gunvalson and her company rising premiums, but was told she wasn’t eligible to receive the benefits Gunvalson’s company promised her when her husband died.
The suit was dismissed with prejudice in 2020.