Browsing Tag
401(k) Fraud
54 posts
SSA Pushes Back on Claims of Widespread Death Record Fraud
Social Security Administration issues release saying that annually, less than one-third of 1% are erroneously reported deaths that need to be corrected
Top Social Security Official Resigns in Wake of Clash with Musk’s DOGE
Michelle King replaced as acting commissioner by Leland Dudek after King refused to comply with DOGE demand for access to sensitive info; Move raises alarms with Social Security advocates
California Man Guilty of $800,000 Social Security Fraud Scheme Over 30+ Years
Donald Felix Zampach concealed his mother’s death for more than three decades while he collected benefits in “longest-running and largest fraud of its kind”
‘Financial Exploitation Prevention Act’ Unanimously Passes House
Bipartisan bill to protect at-risk seniors from financial scams and exploitation heads to Senate
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
Prison-Bound Financial Advisor Racked Up 37 Complaints in Two Years
Dubious 'achievements' in his young 33 years
Mastermind of $300 Million Ponzi Scheme Targeting Retirees Sentenced
The defendant and his co-conspirators contacted retirees experiencing financial distress, most of whom were military veterans
A VERY Scary Case of 401(k) Participant Theft
They added a bank account belonging to another individual without the victim’s knowledge or authorization
LIMRA, Verisk Partner to Combat Account Takeover Fraud
New partnership aims bolster fraud protection tools and capabilities to help companies better protect participant assets
Broker Targeted Federal Retirees with Fraudulent Annuity Rollovers
$1.7 million in commissions were earned on the sales