Browsing Tag
401(k) Fraud
58 posts
Surprising Fallout in 401(k) Fiduciary Fraud Case
The ongoing saga involving alleged husband and wife grifters Jeff and Wendy Richie, proprietors of Vantage Benefits Administrators,…
Advisors Face $100 Million Retirement Scheme Suit
A group of insurance agents, brokers, financial planners and investment advisory firms spanning the country were working together…
Ex-Wells Fargo Advisor Arrested for Stealing from Elderly
Wells Fargo advisor arrest linked to $600K theft from elderly clients, involving unauthorized transfers and financial deception.
Woman Sentenced for Retirement Plan Embezzlement
Oklahoma woman gets 3-year federal prison sentence for embezzling hundreds of thousands from unionized engineers' benefits plan.
Major Retirement Plan Player Target of 401(k) Fraud
Fraudulent retirement plan disbursements were made from Great-West Financial accounts on which the firm was acting as recordkeeper.
401(k) 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…
401k Fraud: Wife Steals Thousands from Husband’s Account
Talk about brotherly love. A woman’s sibling posed as her spouse to help her steal thousands of dollars…
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…