Congress passes bill targeting financial exploitation of older adults
By
Amy Novotney
Mar 15, 2022
The bipartisan Fraud and Scam Reduction Act will establish a Senior Scams Prevention Advisory Group to prevent scams that target seniors. The body will create educational materials and information on model...
Virginia financial adviser sentenced to 5 years in federal prison after client’s assisted living loan...
By
Amy Novotney
Mar 30, 2021
The former Morgan Stanley adviser who pleaded guilty in July to wire and investment adviser fraud for stealing more than $6 million from clients including older adults will spend five years in federal...
Former Chicago-area nursing home executive charged with skimming $1M in federal funds
By
Amy Novotney
Aug 06, 2020
The former owner of several Chicago-area nursing homes was indicted last week on charges of skimming $1.1 million in federal funds.
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...