Browsing Tag
401(k) Fraud
58 posts
Former CEO Could Face 25 Years After Guilty Plea in Woodbridge Ponzi Scheme
It could be up to 25 years in prison for former Woodbridge Group of Companies CEO Robert H.…
Foreign Fraud—When Retirement Money Went Missing in Mexico
A warning for expat retirees living in dream locales—mind your money in unfamiliar territories, cultures and financial markets.…
Ponzi Pledges: Regulators Allege Fraternity-Run Fraud
The SEC is charging a recent college graduate with orchestrating a Ponzi scheme that targeted college students and young investors.
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…
San Diego-Based Advisor Accused of Stealing $7 Million
SEC alleges that Christopher Dougherty provided investment advice to school district employees, hospital employees, veterans, and neighbors.
How 401(k) Advisors Fight Financial Abuse
Last year’s passage of the Senior Safe Act sparked a number of industry articles shining the spotlight on…
Top 10 Senior Scams (And the Billions they Cost)
Older Americans lose a staggering $2.9 billion a year to financial exploitation schemes as a new study shows retirement account scams tripled in 2018.
Amish Community Targeted in 401(k) Fraud
An alleged Ponzi scheme involving the Amish community is being called a “landmark” case of fraud—not for the…
Woodbridge Ponzi Scheme Judgment: Not Madoff-Big, but Still Hits Billion-Dollar Mark
Some eye-popping figures came out that Monday federal court ruling in Florida, where the Securities and Exchange Commission…
Top 401(k) Fraud Story of 2018: Awful Ohio Embezzlement
An industry obstacle to higher 401(k) participation is the worry on the part of employees that their salary…