Browsing Tag
Fraud
36 posts
California Man Guilty of $800,000 Social Security Fraud Scheme Over 30+ Years
Donald Felix Zampach concealed his mother’s death for more than three decades while he collected benefits in “longest-running and largest fraud of its kind”
‘Financial Exploitation Prevention Act’ Unanimously Passes House
Bipartisan bill to protect at-risk seniors from financial scams and exploitation heads to Senate
Prison-Bound Financial Advisor Racked Up 37 Complaints in Two Years
Dubious 'achievements' in his young 33 years
Mastermind of $300 Million Ponzi Scheme Targeting Retirees Sentenced
The defendant and his co-conspirators contacted retirees experiencing financial distress, most of whom were military veterans
LIMRA, Verisk Partner to Combat Account Takeover Fraud
New partnership aims bolster fraud protection tools and capabilities to help companies better protect participant assets
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
‘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
Advisor Uses Underwater ‘Sea Scooter’ to Avoid Ponzi Scheme Arrest
A California financial advisor wanted for his role in an alleged $35 million Ponzi scheme went to extreme…
401(k) Compliance Executive to Plead Guilty in College Admissions Scandal
Maybe ‘compliance’ doesn’t mean what he thinks. An insurance and private equity executive has agreed to plead guilty…