Browsing Tag
401(k) Fraud
58 posts
SEC Stops Alleged Senior Annuity Scam
The Securities and Exchange Commission announced an emergency filing and temporary restraining order against a registered investment advisor…
401(k) Fraud: A Chilling Account of How Easy It Is
“Houston, we have a problem.” On the 50th anniversary of Apollo 13, it seems appropriate to examine how…
Exec Sentenced for Stealing 401(k) Funds
One impediment to retirement saving is the (often) mistaken belief that the boss will defer funds from payroll…
Former NFL Player and Merrill Rep Gets 40 Years in Retirement Fraud
A former high school and college football star who played for the NFL’s Philadelphia Eagles was sentenced in…
SEC Charges Radio Show Advisor with Defrauding Retirees
Important question—will the passage of the SECURE Act make stories like these more or less prevalent? The Securities…
How Much Money Did DOL Recover for Plans, Participants in 2019?
The Department of Labor’s Employee Benefits Security Administration (EBSA) released its enforcement and benefit advisor program results for…
He Got the Max: Woodbridge’s Shapiro Gets 25 Years for Ponzi Scheme
Former Woodbridge Group of Companies Owner and CEO Robert H. Shapiro was sentenced to 25 years in prison…
Massive Embezzler Offers 401(k) As Partial Penance
401(k) fraud case reveals ex-Weyerhaeuser manager stole $4.5M through fake vendors, offering retirement funds as restitution.
SEC Charges Advisor Firm, Principals with Defrauding Retired NFL Players
In an extreme case of unsportsmanlike conduct, a former RIA and an attorney who represented a group of…
Contractor Constructs Fraudulent $3 Million Recordkeeper Scheme
The owner of two contracting companies is facing jail time after pleading guilty to money laundering in the…