Elder fraud

Protect Your Parents From Financial Fraud

Posted on 04/12/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsUpdate: Here’s some news you’ll want to share with your parents to avoid the heartbreak of fraud and abuse at the hands of financial professionals. A new guide by the Certified Financial Planner Board of Standards, called “Financial Self-Defense for Seniors,” has been developed to help older adults understand the designations, certifications and fiduciary responsibilities (which require them to act in the best interest of their client) of financial experts. Some so-called designations are nothing more than marketing tools, the board …

Action Urged to Fight Elder Financial Abuse

Posted on 11/15/2012 by |AARP Blog Author | Comments

Home & FamilyThe following is a guest post from AARP Money Content Editor John Burgess. | Four decades out from his teen-aged check-forging spree, a lion-maned Frank Abagnale bears little resemblance to Leonardo DiCaprio, who portrayed him in the movie “Catch Me If You Can.” But Abagnale still knows a thing or two about fraud. What I did 40 years ago as a teenager is 4,000 times easier to do today due to technology,” the reformed con man told the Senate Special …