Older Americans are losing billions of dollars annually to financial exploitation. Banks and investment firms are training employees to spot red flags and stop the transactions.
Category: Frauds and Swindling
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Banks Are Becoming Bulwarks for Vulnerable Seniors
The New York Times – Business: -
Trump Officials Seek to ‘Reimagine’ Unemployment Benefits, Targeting Fraud
The New York Times – Business:Federal officials are subjecting some states to higher scrutiny in an antifraud campaign, as the president rails against California and states led by Democrats.
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Founder of First Brands, Whose Bankruptcy Spooked Wall Street, Is Indicted on Fraud
Patrick James, who was earlier ousted from the beleaguered auto-parts maker, is accused by federal prosecutors of faking invoices and lying about hidden debt for years.
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How to Prevent Aging Parents and Relatives from Making Financial Mistakes
Getting family members to listen to you when you think they are headed down a dangerous financial path can be difficult. But there are preventive steps you can take.
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Kaiser Permanente Agrees to Pay $556 Million to Settle Medicare Overbilling Claims
The Justice Department and whistle-blowers accused the major health insurer of overbilling the government for about $1 billion under the private plans.
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Trump Deepens Scrutiny of Minnesota, a Potential Model for Other Blue States
The White House is intensifying and broadening its probes into fraud in states led by prominent Democrats.
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Did Charlie Javice’s 147-Member Legal Team Expense $529 in Gummy Bears?
JPMorgan has had to pay tens of millions in legal costs for the convicted fraudster. It wants the public to see a newly unredacted list of itemized expenses.
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Executives at Subprime Auto Lender Are Charged With Fraud
Federal prosecutors filed criminal fraud charges against two top executives at Tricolor Auto, and two other executives have already pleaded guilty to related charges.
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Tech Support Scammers Stole $85,000 From Him. His Bank Refused a Refund.
A retired lawyer lost the money in a tech support scam, a type of online fraud that is surging. Citibank said it couldn’t recover the funds, which criminals wired from inside his account.
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Do Kwon, Crypto Entrepreneur Who Caused 2022 Crash, Sentenced to 15 Years
Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud.