Posts Tagged elder abuse
Baby Boomers Wearing Bulls Eyes
Posted by admin in Fraud Recovery on December 20, 2011
by Brian Mahany
If the figures coming from the North American Securities Administrators Association are correct, the number of fraud actions involving victims over the age of 50 has more than doubled in just one year. State and provincial securities agencies logged 506 enforcement actions in 2009. By last year that number skyrocketed to 1241.
That number [...]
Prominent Lawyer Guilty of Stealing From 94 Year Old Client
Posted by admin in Fraud Recovery on December 17, 2011
by Brian Mahany
Although all cases of elder financial abuse are sad, it is especially depressing when the perpetrator is someone sworn to uphold the law. Like police officers, lawyers take an oath of office in which they pledge to uphold the law and protect their clients. In this case, a Milwaukee County jury convicted attorney [...]
Massachusetts Securities Regulators Slam Broker For Elder Fraud
Posted by admin in Fraud Recovery on December 16, 2011
by Brian Mahany
Massachusetts state securities regulators took action against a stockbroker for defrauding an 83 year old woman suffering from Alzheimers. According to a complaint filed by the Massachusetts Securities Division, Paul Dumochel is charged with securities fraud.
Regulators say that Dumochel learned that an elderly million had $1.5 million in bank accounts and certificates of [...]
Treasury’s FinCEN Joins Fight Against Elder Exploitation
Posted by admin in Fraud Recovery on October 14, 2011
by Brian Mahany
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 large cash transactions, the agency is uniquely positioned [...]
Financial Crimes Against the Elderly
Posted by admin in Fraud Recovery on March 3, 2011
by Brian Mahany
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 [...]
Bank Teller Embezzled Monies from Elderly Customers (Elder Abuse)
Posted by admin in Fraud Recovery on February 11, 2011
by Brian Mahany
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 [...]
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