SEC Investor Advocate Wants More Protection for Elderly Investors
Securities and Exchange Commission Investor Advocate Rick Fleming wants to protect elderly investors from fraud. Fleming wants the SEC to have a rule protecting elderly investors ...
Video: Financial Advisors Explain Why You Shouldn’t Cash Out 401(k) When Switching Jobs
With a new job often comes a new retirement plan — which is why almost half of employees switching jobs also cash out their 401(k)s.
But employees should stay the course with ...
New Law Closes Social Security Loopholes
Social Security payments could be getting smaller for some seniors. The government has closed two loopholes that can negatively affect recipients.
One loophole let married couples ...
Useful Tips to Avoid Charity Scams
The holidays bring out the best in people giving, but also the worst in con artists. With some careful research, giving to reputable charities can be part of the holiday season.
Visiting ...
DOJ Gets $3 Billion in Fraud Settlements, With Healthcare Leading the Way
The government has recovered a lot of money from scammers this year.
The Department of Justice has recovered $3.5 billion in settlements in fraud cases in 2015.
Many of the fraud cases ...
Texas Man to Repay $ 8 Million for Oil Scam
A Texas man must repay investors $8.8 million for his role in an oil and gas investment scam. Brian Polito was sentenced to seven years in prison for his role in the fraud.
Polito ...
Genetic Testing Scam Targeting Elderly Tricked Medicare Out of $1 Million
A genetic testing scam defrauded Medicare out of $1 million — but the perp has now been arrested.
Seth Reyfuss has been arrested for using a fraudulent group called The Good ...
Report Says Medicare Needs More Accurate Oversight for Nursing Homes
A new report says the Centers for Medicare and Medicaid need to improve its data to assess the quality of nursing homes.
The U.S. Government Accountability Office found that the ...