Illegal Investment Schemes Investors need to know about: Churning, Pump & Dump What is churning? In investment-speak, “churning” is when a broker engages in excessive trading within an investor’s…
Read More
If you search the news you’re bound to see a new one mentioned everyday. Ponzi schemes. They seem so obvious, and yet even decades after their creation thousands…
Read More
The estimated five million elderly Americans who fall victim to financial scams every year have some added protections from the federal government thanks to the Senior Safe Act,…
Read More
Although people aged 60 and older account for 15 percent of the population in the United States, according to consumer advocacy groups, they make up about 30 percent…
Read More
In 2017 the FBI opened 200 cases of financial fraud targeting elderly victims. According to the FBI, “The investigations covered a range of crimes, from investment frauds to…
Read More
When it comes to detecting investment fraud, certified public accountants (CPAs) and other tax experts are a first line of defense. Accountant Bradley Preber of Grant Thornton LLP…
Read More
