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Although scammers target people of all ages, people 65 or older lose more money on average because they have spent more time saving up funds.
Financial abuse cost older victims nearly $2.4 billion in 2024, according to incidents reported to the Federal Trade Commission.
More than 80% of attendees in a recent ENGAGE session reported they’ve had at least one client compromised by a financial scam. The presenter explains how CPAs can be “fraud gateke...
Note: The information provided here or in any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personal...
Legislation creates a pause mechanism for suspicious redemption requests.
The Department of Justice used civil forfeiture to seize about $19.5 million in proceeds from the pair of alleged market manipulation schemes that caused share prices to skyrocket.
Adults age 60 and older reported a record $7.7 billion stolen in internet and financial crimes nationwide. That’s billion with a B. Oftentimes, these scams...
An awareness drive to increase understanding of financial abuse has been launched by Safeguarding Ireland.
BLOUNTVILLE, Tenn. (WJHL) — A Blountville woman was arrested on Friday after she allegedly financially exploited a family member who was in the hospital. According to a news releas...
People reported over $390 million in losses to the U.S. Federal Trade Commission (FTC) from payment app scams in a single year. As payment apps...
For many Ohio seniors, the biggest financial fear is no longer just inflation or rising healthcare costs. Increasingly, retirees are worried about scams, fake bank...
Older adults lost over $2.4 billion to scams in 2024. Find out how to recognize and avoid these dangerous scams. The post Fighting Scams: Top 5 Categories to Watch in 2026 appeared...
And one big mistake to avoid.
TOPEKA (KSNT) - The Protect Vulnerable Adults from Financial Exploitation Act has prevented over $10 million in fraud since being enacted in Kansas two years ago. Insurance Commiss...
Banks in North Carolina now have expanded authority to delay certain customer transactions if they suspect financial exploitation. The new law is intended to prevent fraud, but som...
Alleged fraudster Mahender Makhijani left a trail of victims, but few more surprising than respected California landlord Gerald Marcil. Federal agents arrested Makhijani last week...
Few things destroy families faster than a fight over money after someone dies. Unfortunately, inheritance theft is becoming more common as aging Americans hold trillions...
An 84-year-old handed over $420,000 in gold to a stranger at their driveway after a fake FTC threat.
The St. Louis firm made a minority investment in Carefull through Edward Jones Ventures; nearly one in four Americans reported being victims of fraud, research shows.
Scammers are becoming more aggressive, more convincing, and far more technologically sophisticated, and retirees are increasingly in their crosshairs. Older Americans often have ac...
WFG Securities advisor filled in DSC fee disclosures only after his client had already signed
The U.S. House bill aimed at protecting investors 65 or older or those who have a mental or physical impairment from fraud, has bipartisan support.
Most investors ignore this abstract legal rule — and it’s fueling a massive wave of fraud.
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