Financial abuse of elders can be prevented or stopped. If the abuse has already occurred, its tragic results can often be rectified to a significant degree. However, the individual’s rights must be vigorously asserted in a system that is confusing and often unfairly biased in favor of the financial industry and against individuals. […]
According to information made public during hearings in the Alaska state legislature on elder abuse, the number of reported cases has increased by over 200% in the […]
A little over five years ago, Bernie Madoff confessed that for decades he had been running a massive Ponzi scheme. February 4th marked the 5 year anniversary of the testimony of Harry Markopolos before the U.S. House of Representatives Committee on Financial Services. Markopolos spent eight years repeatedly trying to prompt the SEC to take action against Madoff, which it never did.
A little over five years ago, on December 10, 2008, Bernard Madoff’s sons informed law enforcement authorities that their father confessed to them that he had been running a massive Ponzi scheme for decades. Madoff’s confession was prompted by the massive calls for redemption triggered by the calamitous events in the financial markets in late 2008 and the obvious impossibility of luring new money into his Ponzi scheme. Importantly, Madoff confessed his Ponzi scheme when it no longer functioned. It was not a case cracked by regulatory or law enforcement authorities. […]
No. But since I have your attention, “selling away” is one of the most pernicious and dangerous investment scams in the brokerage industry. It is outlawed by FINRA and all state security regulators, yet it persists. […]
As its name implies, GWG Life Settlements of Minneapolis is in the business of purchasing life insurance policies on which it continues to pay the […]