Median loss to fraud higher for adults in their 80s than for any other age group: FTC
By
Lois A. Bowers
Nov 01, 2021
Adults 80 or older who made fraud reports to the Federal Trade Commission’s Consumer Sentinel Network, or who had reports made on their behalf, lost a median of $1,300 to fraud in 2020, according to...
Senior living developer disbarred over $50 million green card fraud scheme
By
Kathleen Steele Gaivin
Nov 29, 2022
Former purported senior living community developer Victoria Chan permanently lost her license to practice law in California this quarter after having pleaded guilty to a multimillion dollar green card...
New technologies can protect adults from fraud: reports
By
Lois A. Bowers
Oct 02, 2016
New technologies can help protect older adults from fraud, according to two reports recently published by the World Economic Forum.
Business briefs, June 17
By
Kathleen Steele Gaivin
Jun 17, 2024
Provider groups praise bill streamlining Medicare Advantage prior authorization process … Consumer, industry advocates make recommendations for states to help combat rise in elder real estate fraud,...
IRS impersonation scams top complaint to Senate Aging Committee fraud hotline for fourth year
By
Lois A. Bowers
Jan 17, 2019
For the fourth consecutive year, in 2018, IRS impersonation scams were the top type of scams reported to the Senate Special Committee on Aging’s fraud hotline, according to the committee, which released...
How to keep seniors safe from internet scams
By
Christine DiGangi
Dec 15, 2016
Older adults and their families should know how to spot scams and avoid becoming victims of identity theft and fraud. And as someone working in senior living, you’re in a position to spread the word.
Canadian extradited to U.S. in $27 million ransomware case affecting senior living
By
Kimberly Bonvissuto
Mar 14, 2022
A Canadian national indicted in 2020 in a $27 million ransomware fraud case affecting the senior living industry recently was extradited to the United States to face those charges.
Podiatrist to pay $966,000 for fraudulent assisted living billing
By
Lois A. Bowers
May 22, 2019
An Arizona podiatrist has been sentenced to two years in prison and ordered to pay $965,985 in restitution to the Centers for Medicare & Medicaid Services after he admitted submitting false claims for...
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.
More than three-fourths of Americans say inflation is affecting their ability to save enough money for retirement, including paying for long-term care, according to a new survey.