Robert J. Mangiafico Jr. of Allen, Texas may be a very old man when he gets out of prison. Judge Benjamin Smith in Collin County Texas sentenced him to forty (40) years after he pleaded guilty to defrauding several elderly women out of their life savings. Prosecutors say that Mangiafico’s senior fraud involved a phony […]
Ex Wells Fargo Adviser Convicted of Senior Abuse
Adorean Boleancu, a former financial adviser with both Wells, Fargo and Morgan Stanley, pleaded guilty yesterday to stealing $1.8 million from one of his elderly clients. According to a statement from the Department of Justice, he faces 30 years in prison when sentenced later this year. Often bankers, stockbrokers and financial advisers are the ones […]
Elder Abuse Post: Bank VP Charged With Stealing From Elderly Client
Elder abuse happens daily. Because it’s victims are often incapacitated or to scared to seek help, the problems don’t get the attention they deserve. Some elder abuse victims are so ill they don’t even understand that they are being victimized. As a society, we hope that caring family members, lawyers, social service providers and bankers […]
Silent Screams – America's Growing Elder Abuse Problem
Elder Abuse – It’s not exactly a household word. While everyone has a mental picture of what that term means, most people don’t know how widespread the problem has become. The very victims are often unable to report the problem – if they even know they are being victimized. Those that do realize that they […]
Grandson Gets Prison For Defrauding Grandfather's Estate
by Brian Mahany This is a very sad story. Unfortunately, it’s one we see with increasing frequency. As millions of families gather for holiday festivities, many of our elderly and disabled family members find themselves the victims of elder fraud and theft. The people committing these terrible crimes? It’s often family members or caregivers. Michael […]
Treasury’s FinCEN Joins Fight Against Elder Exploitation
Red Flags of Elder Financial Abuse [Post updated through 2021] The Treasury Department’s Financial Crimes Enforcement Network, better known as FinCEN, has joined the fight against financial exploitation of the elderly. FinCEN has long been the lead law enforcement agency detecting and combating money laundering. Because banks, retailers and many others are required to report […]
Financial Crimes Against the Elderly
Crimes against the elderly are nothing new. Baby boomers are now nearing retirement and represent the fastest growing segment of economy. Unfortunately, few recognize that this population is uniquely vulnerable to financial exploitation. According to Investor Protection Trust, one in 5 Americans over the age of 65 has already been victimized. Actor Mickey Rooney recently […]
Bank Teller Embezzled Monies from Elderly Customers (Elder Abuse)
Theft and embezzlement is never justified. Stealing from the elderly is particularly disturbing. Thanks to a routine audit, one bank teller is behind bars for ripping off elderly customers. Police in New Iberia, Louisiana charged Brandy Rogers with bank fraud, forgery, identity theft and theft from an aged person. Cops say Rogers looked for older […]