Residents an obvious target for financial scammers: expert
By
Amy Novotney
Jun 17, 2020
In any given year, the FBI estimates that millions of U.S. older adults are defrauded to the tune of approximately $3 billion. Further, just one in 44 of those cases are ever reported, according to the...
Older adults lose $835 million in 2019 internet scams, FBI says
By
Kimberly Bonvissuto
May 28, 2020
More than 68,000 adults over age 60 lost a total of more than $835 million in 2019 in internet scams, according to the FBI. The amount represents a substantial increase over the $649 million loss reported...
More news for Monday, Jan. 13
By
Lois A. Bowers
Jan 13, 2020
Justice Department recovers more than $3 billion from False Claims Act cases in 2019 … Former Mrs. Florida sentenced to prison for using mother’s Social Security checks meant for memory care … New...
Big senior living stories of 2019
By
Lois A. Bowers
Dec 23, 2019
Here’s a look at some of the news that occupied many minds in senior living over the past year.
Philip Esformes sentenced to 20 years in prison in healthcare fraud case
By
Lois A. Bowers
Sep 12, 2019
Former Florida assisted living and skilled nursing facility owner Philip Esformes has been sentenced to 20 years in prison for his role in a case that the federal government continues to describe as “the...
Assisted living company owner linked to Trump-Russia investigation indicted for alleged $1.2 million...
By
Lois A. Bowers
Feb 08, 2019
A South Dakota businessman alleged to be a potential link between the Trump campaign and the Russian government has been indicted on 11 unrelated counts of wire fraud and money laundering in part for allegedly...
Healthcare professionals key in financial abuse reporting system detailed in SEC white paper
By
Lois A. Bowers
Jun 19, 2018
Healthcare professionals caring for older adults would play a key role in a new communication system — described in a recently released white paper from the Securities and Exchange Commission — that...
Man sentenced to 7 years in prison for $20 million scams against older adults
By
Lois A. Bowers
Mar 13, 2018
A Las Vegas resident has been sentenced to more than seven years in prison and ordered to pay $2.8 million in restitution after pleading guilty to running prize promotion scams that defrauded thousands...
Former American Senior Communities CEO, others to plead guilty in $16 million fraud case
By
Lois A. Bowers
Jan 02, 2018
The former CEO of American Senior Communities and two others have agreed to plead guilty to some of the charges related to their alleged roles in a $16 million fraud, kickback and money-laundering scheme.
Check-kiting leads to jail time for former owner
By
John O'Connor
Dec 12, 2017
The former owner of a Colorado senior living community may get to keep his day job. But his nights and weekends will be spent in jail, following a check-kiting conviction.