National News

Emotional harm of elder financial abuse outweighs its financial damage

Wednesday July 1st 2015
By

Financial abuse more frequently hurts senior citizens emotionally than it does financially, according to a recent survey of CPA financial planners. Thirty-seven percent of the 266 planners polled in the AICPA PFP Trends Survey in May rated the emotional impact of elder financial abuse as “substantial.” Yet just 5% rated the financial impact of...
Read more »

Posted in National News | Comments Off

Two brothers get 20 years for roofing scam targeting the elderly

Wednesday June 17th 2015
By

Two brothers have been sentenced to 20 years for preying on the elderly, charging them exorbitant fees for shoddy roof work, DeKalb County authorities said Tuesday. Keith Ogles, 50, of Jonesboro, and Jeffrey Ogles, 52, of Griffin, who pleaded guilty to financial exploitation of the elderly and home repair fraud, must serve 10 of...
Read more »

Posted in National News | Comments Off

25-year-old convicted in Jamaican lottery scam

Friday May 22nd 2015
By

BISMARCK, N.D. (AP) — A 25-year-old man was convicted Thursday for his role in a Jamaican lottery scam that authorities say cost victims around the country millions of dollars.  Sanjay Williams, of Montego Bay, Jamaica, was found guilty of conspiracy, wire fraud and money laundering and faces up to 40 years in prison. Investigators...
Read more »

Posted in National News, World News | Comments Off

Stepping up protection for the elderly

Wednesday May 20th 2015
By

Everyone knows, right, that the elderly are among the most vulnerable members of our society. It’s the fastest growing segment of the population in the United States — what with about 10,000 baby boomers turning 65 every day — not that 65 is the threshold for being elderly. The point is that this demographic...
Read more »

Posted in National News | Comments Off

Sentenced to 10 years in prison for stealing from elderly clients

Thursday March 26th 2015
By

A Northfield (NJ) attorney who used her work with elderly clients to bilk them out of millions was sentenced to 10 years in prison Wednesday. “I and I alone allowed this to happen,” Barbara Lieberman told the judge before being sentenced. “I alone put my law license and the integrity of the legal profession...
Read more »

Posted in National News | Comments Off

FINRA Foundation Research Reveals Fraud Victims Vulnerable to Severe Stress, Anxiety and Depression

Friday March 20th 2015
By

News Release  WASHINGTON — The FINRA Investor Education Foundation issued a new research report, Non-Traditional Costs of Financial Fraud, which found that nearly two thirds of self-reported financial fraud victims experienced at least one non-financial cost of fraud to a serious degree—including severe stress, anxiety, difficulty sleeping and depression. While the Stanford Financial Fraud...
Read more »

Posted in National News | Comments Off

Maine task force recommends more resources to fight exploitation of elderly

Thursday March 12th 2015
By

Financial exploitation crimes against the elderly in Maine aren’t being adequately investigated or prosecuted because of a variety of roadblocks throughout the justice system, including lack of training and misconceptions about the crimes, a state attorney general’s task force has concluded. In the report released Wednesday, the task force recommended changes to state law...
Read more »

Posted in National News | Comments Off

A safe place for abused seniors

Thursday February 12th 2015
By

Senior citizens who become the victims of abuse now have access to a special, temporary shelter through a new program run by a Rockville-based organization that provides housing and services for seniors. The ElderSAFE Center, established within the Charles E. Smith Life Communities in September 2014, offers “a full panoply” of senior-focused medical services...
Read more »

Posted in National News | Comments Off

Senate Special Committee on Aging Hearing

Thursday February 5th 2015
By

The Senate Special Committee on Aging held a hearing on financial exploitation of vulnerable older adults on Wednesday, February 4. The hearing is titled, “Broken Trust:  Combating Financial Exploitation of Vulnerable Seniors.” Present at the hearing was: U.S. Senator Susan M. Collins (Maine); U.S. Senator Claire McCaskill (Missouri); Judith Shaw, Securities Administrator of Maine...
Read more »

Posted in National News | Comments Off

New England financial advisor admits he stole $645,000 from elderly

Tuesday January 20th 2015
By

BOSTON (WGME) – A New England financial advisor is going to prison for stealing hundreds of thousands of dollars from his clients. “It’s taken me awhile to get myself back on my feet. I’m still not on my feet,” fraud victim Dorothy Kerzner said.  Kerzner has a hard time accepting she lost more than...
Read more »

Posted in National News | Comments Off

Subscription via RSS or Email: