Category Archives: Exploitation of the Elderly
SEC Halts Ponzi scheme Targeting Seniors and Small Business Owners
Washington D.C., Nov. 19, 2019 — The Securities and Exchange Commission today announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against two individuals and two companies they control in connection with an alleged $6 million Ponzi scheme that defrauded at least 55 investors, many of whom are… Read More »
FINRA Bars Invest Financial Corporation Broker Roger Kroeger
Roger Kroeger (CRD: 1526864) is a prior stockbroker of Invest Financial Corporation located in Fort Lauderdale, Florida who Financial Industry Regulatory Authority (“FINRA”) has barred in all capacities pursuant to Letter of Acceptance, Waiver and Consent No. 2017056614402 dated September 5, 2018. According to FINRA Department of Enforcement, Kroeger failed to appear for testimony… Read More »
Investor Alert: Ponzi Schemes Targeting Seniors
The SEC’s Office of Investor Education and Advocacy (OIEA) and Retail Strategy Task Force are warning investors about Ponzi schemes that prey on senior investors. Many seniors have spent years saving and investing, which is a great way to achieve financial security – but also may make them targets for investment fraud, including Ponzi… Read More »
Market Volatility is a Reminder that Elderly Investors are Vulnerable to Financial Abuse
In January, Patrick T. Harker, the President of the Federal Reserve Bank of Philadelphia, authored an important op-ed that appeared in Bloomberg View. Mr. Harker noted that elderly investors are at heightened risk of financial abuse, and that bankers and financial institutions need to do more to protect these vulnerable inventors. Soon after this… Read More »
Former Invest Financial Advisor Roger Kroeger arrested and charged with embezzlement and money laundering
According to news reports, Former Invest Financial Advisor Roger Kroeger arrested and charged with embezzlement and money laundering from 92 year old woman’s investment account. If you or a family member or friend have concerns about how your investment or stock brokerage account has been handled or if you have any questions concerning the… Read More »
Today is World Elder Abuse Awareness Day
The Consumer Financial Protection Bureau: June 15, 2017, marks the twelfth annual World Elder Abuse Awareness Day, or WEAAD. This day isn’t likely to show up on your calendar. But the staff of CFPB’s Office for Older Americans has been busy this week making presentations on preventing elder financial exploitation, one of the most… Read More »
Updated Investor Alert for Seniors: Five Red Flags of Investment Fraud
Per Securities and Exchange Commission: Older Americans are often targets of investment fraud. The SEC’s Office of Investor Education and Advocacy is issuing this Updated Investor Alert to help seniors identify signs that what is offered as an investment may actually be a fraud. Below are five “red flags” seniors should look out for… Read More »
World Elder Abuse Awareness Day: Play a part in prevention
Good afternoon, It’s World Elder Abuse Awareness Day – it’s not a celebratory day, but rather a day to talk about preventing, identifying, and responding to elder abuse and financial exploitation. Whether you are an older adult, care for one, or simply know someone who is a senior, you can do something to prevent… Read More »
Sales Agents Face Criminal Charges for Role in Football Laser Scam
When people watch an NFL game, they probably are not thinking about securities fraud. Yet a piece of technology designed to improve the fan experience of watching football is at the center of a massive securities fraud scheme that has prompted multiple civil and criminal prosecutions. In the latest development, a federal grand jury… Read More »
Federal Judge Sentences Jacksonville Ponzi Scheme Operator Who Defrauded Retired Teachers
On June 12, a federal judge in Jacksonville sentenced the former operator of a Ponzi scheme to 10 years in prison. Anderson Scott Hall previously pleaded guilty to four felony charges of wire fraud, mail fraud and money laundering in late 2013. The United States Attorney’s Office in Jacksonville recommended the 10-year sentence, which… Read More »
