Browsing Tag
401(k) Fraud
18 posts
SEC Bars Advisor for Federal Retirement Plan Rollover Fraud
Scheme persuaded hundreds of current and former federal employees to liquidate their Thrift Savings Plan accounts for high-commission variable annuities
A VERY Scary Case of 401k Participant Theft
They added a bank account belonging to another individual without the victim’s knowledge or authorization
Broker Targeted Federal Retirees with Fraudulent Annuity Rollovers
$1.7 million in commissions were earned on the sales
Silver Scam: ‘Advisor’ Charged with Bilking Retirees Out of $68M
SEC, Commodity Futures Trading Commission and 27 state securities regulatory agencies file charges and complaints against precious metals dealer and its owner for exorbitantly priced silver coins and rendering unlawful investment advice
SEC Halts Ponzi Scheme Targeting Veterans’ Retirement Funds
Many fraudsters take advantage of the trust that having something in common creates, called affinity fraud
10 Signs of 401(k) Contribution Fraud: DOL
Here's what to watch out for
Former Advisor Gets 35-Year Sentence in $25 Million 401k Fraud
'He stole significant portions of investment contributions to fund his criminal enterprise and lavish lifestyle'
Bad ‘Actor’ Charged by SEC in $700 Million Ponzi Scheme
Talk about a box office bomb. The Securities and Exchange Commission announced Tuesday that it obtained an asset…
401k ‘Fiduciaries’ Sentenced to Prison for Fraud
Vantage Benefits Administrators co-owners Jeff and Wendy Richie were sentenced to prison last week for their roles in…
Tips to Help Protect 401(k) Participants From Fraud in Turbulent Times
COVID-19 is stressful enough, with market volatility impacting retirement nest eggs, and economic uncertainty contributing to short-term financial…