Browsing Tag
401(k) Fraud
18 posts
‘Professional Fiduciaries’ Plead Guilty to 401k Fraud
The disturbing saga of Dallas-based Vantage Benefits Administrators is closer to a form of resolution, as husband and…
How Identity Fraud Targets 401k Participants
Identity fraud is increasingly targeting 401k participants, with employees in workplace retirement plans squarely in criminals’ sights. Recent…
6 Key COVID-19 Considerations for DC Plan Fiduciaries
Just as the world must adjust to the COVID-19 pandemic, ERISA retirement plan fiduciaries must calibrate their processes…
SEC Stops Alleged Senior Annuity Scam
The Securities and Exchange Commission announced an emergency filing and temporary restraining order against a registered investment advisor…
Exec Sentenced for Stealing 401k Funds
One impediment to retirement saving is the (often) mistaken belief that the boss will defer funds from payroll…
High-Tech Lowlife: Colorado CEO Convicted of 401(k) Fraud
A chief executive of two technology companies located in Denver, Colorado was found guilty of a host of…
401k Plan Sponsor Steals Proceeds for Country Club Creature Comforts
A 66-year old former owner of a lighting fixtures company will spend 3.5 years in prison for stealing…
Employer Indicted in Theft of 401(k) Investments
Don’t do this. A grand jury indicted the former head of a tech company after accusations he stole…