Browsing Tag
401(k) Fraud
58 posts
Broker Targeted Federal Retirees with Fraudulent Annuity Rollovers
$1.7 million in commissions were earned on the sales
Two Men Convicted for $20 Million Retirement Investment Fraud
The face up to 90 years and 200 years, respectively, in prison
Former Advisor Sentenced in Elder Fraud Scheme
He solicited funds by telling potential investors they would double, triple, or quadruple their investments
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
‘Christian Advisor’ Gets 3 Life Sentences for Stealing Retirement Funds
He promised investors they would receive guaranteed, risk-free returns ranging from 5% to 8% per year
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…
401(k) ‘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…