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in Financial Crime
thebusinessjournal.com
· 2025-12-08
Two men were indicted on six counts of wire fraud for a $1.6 million phishing scheme targeting Fresno County between September and October 2020, in which they gained control of a nonprofit finance director's email account and fraudulently redirected ACH transfers to an account opened by suspect Jafaar September Nyangoro. The county recovered approximately $112,000 immediately and $875,000 through insurance, while the remaining funds were lost; Nyangoro and Acha face up to 20 years in prison and $250,000 fines per count if convicted. This incident prompted Fresno County to implement enhanced security measures including quarterly internal audits of all vendor electronic
buckscounty.gov
· 2025-12-08
National Senior Fraud Awareness Day (May 15th) highlights the escalating threat of fraud targeting seniors in Bucks County and nationwide, with criminals increasingly using AI-powered tactics like grandparent scams, government impersonation, tech support fraud, and romance scams to exploit seniors' trust and extract money. To protect themselves, seniors should verify unexpected contact through independent channels, resist pressure tactics, safeguard personal information, use strong passwords, and consult trusted contacts before responding to requests for money or sensitive data.
nbcmiami.com
· 2025-12-08
Law enforcement agencies in Miami-Dade are warning of an increasing number of AI-powered scams targeting residents, particularly elderly individuals, using sophisticated deepfakes and spoofed calls impersonating police and other authorities to demand money. Florida ranks third nationally for investment fraud, with cryptocurrency scams being the most common type, and authorities caution that as AI technology advances, criminals will exploit it further. Victims are advised to question unsolicited demands for money, verify caller identity independently by calling back through official channels, and avoid sharing personal information without thorough research.
kolotv.com
· 2025-12-08
The Reno Police Department arrested two men, Amit Bhanwala-Singh and Anil Kumar, in connection with a "pig butchering" elder fraud scheme targeting northern Nevada and California residents. The suspects impersonated U.S. Marshals to convince elderly victims that their assets were under investigation, then coerced them into withdrawing cash and gold; one 64-year-old victim from Truckee lost hundreds of thousands of dollars before the suspects were apprehended attempting to collect a fake gold package valued at $213,000.
2news.com
· 2025-12-08
Two California men were arrested in a "pig butchering" elder fraud scheme that targeted a 64-year-old Truckee woman, coercing her to withdraw and deliver over $213,000 in cash and gold between April and May 2025 by impersonating U.S. Marshals. Amit Bhanwala-Singh and Anil Kumar allegedly used fear tactics and false claims of asset investigations to manipulate the victim into making multiple transactions across Northern California and Nevada. The coordinated operation by Reno Police and U.S. Secret Service resulted in charges of obtaining money under false pretenses and exploitation of an older person.
mynews4.com
· 2025-12-08
Two men were arrested in Reno on May 14, 2025, for operating a "pig butchering" elder fraud scheme that defrauded victims of millions across northern Nevada and California. The scam involved impersonating federal law enforcement to convince elderly victims their assets were under investigation, coercing them into withdrawing cash and gold bullion for fake "agents"; a 64-year-old Truckee victim alone lost hundreds of thousands of dollars before suspects were caught attempting to collect a package worth over $213,000. Amit Bhanwala-Singh and Anil Kumar were charged with obtaining money under false pretenses and exploiting an older person.
nbcsandiego.com
· 2025-12-08
Two suspects were arrested in Carlsbad, California for separate elder fraud schemes totaling over $140,000 in losses. The scams involved fake pop-up alerts and impersonation of legitimate agencies (Apple Security, Wells Fargo, FTC) that convinced elderly victims to withdraw cash and gold bullion, place them in taped shoe boxes, and hand them to couriers posing as federal agents. Tang Chen and Gurjant Singh were arrested after police intervened, with authorities emphasizing that victims should verify suspicious requests independently by contacting agencies directly rather than using numbers or emails provided in unsolicited communications.
justice.gov
· 2025-12-08
A 29-year-old man from India was charged in federal court for allegedly stealing nearly $1 million from an elderly Missoula resident through an elaborate scam involving impersonation of Amazon, Social Security, and U.S. Marshal representatives who convinced the victim to withdraw cash and gold under the false pretense of "legalizing" her identity. Mohammed was detained pending trial after law enforcement apprehended him during a final pickup at the victim's residence and discovered approximately $68,987 in cash, airline tickets, and car rental documents in his vehicle. He faces up to 20 years imprisonment, a $250,000 fine, and charges including wire fraud conspiracy and impersonating a federal agent
bostonglobe.com
· 2025-12-08
Craig Clayton, a 75-year-old Rhode Island accountant, pleaded guilty to money laundering conspiracy and obstruction of justice for laundering over $35 million in proceeds from internet fraud schemes targeting elderly victims through romance and business scams between 2019 and 2021. Clayton used his consulting business and shell companies, including Providence Sanitizer Inc., to process the fraudulent funds and transfer money to accounts in multiple countries, while lying to authorities about his activities. Under his plea agreement, Clayton faces 2.5 to 6.5 years in prison, must pay $140,000 in restitution, and forfeit over $330,000 and a vehicle.
buckscounty.gov
· 2025-12-08
National Senior Fraud Awareness Day (May 15th) highlights the growing threat of scams targeting seniors in Bucks County and nationwide, including grandparent scams using AI technology, government impersonation schemes, tech support fraud, romance scams, and phishing attacks. The article emphasizes that seniors are vulnerable targets exploited through various channels, and recommends protective measures such as verifying information independently, resisting pressure tactics, protecting personal data, using strong passwords, and consulting trusted contacts before responding to suspicious requests.
wired.com
· 2025-12-08
North Korean IT workers are infiltrating Western companies as remote developers to generate income for the regime, with cybersecurity researchers identifying two individuals allegedly linked to a $6 million cryptocurrency heist and other cyber operations. These workers, operating from locations like Laos and Russia, use fake personas and stolen identities to secure employment while their wages fund North Korea's nuclear weapons development and evade international sanctions. Researchers have publicly disclosed over 1,000 email addresses linked to North Korean IT worker activity in one of the largest exposures of this criminal operation to date.
atlantanewsfirst.com
· 2025-12-08
National Senior Fraud Awareness Day (May 15) highlights a growing problem: seniors lost over $3.4 billion to scams in 2023, an 11 percent increase from 2022, through schemes including tech support, romance, and cryptocurrency fraud. The Federal Trade Commission reports that older adults experienced the highest financial losses among all age groups who reported scam losses in 2024, making fraud prevention education and resources from major financial institutions essential for protecting vulnerable seniors.
click2houston.com
· 2025-12-08
Shawn Shoemaker, a volunteer at a Houston senior center, was arrested for defrauding over 25 seniors of $128 each by collecting money for trips to Atlanta and Memphis museums that never occurred. The victims, many living on fixed incomes, lost money from their Social Security and retirement checks with little prospect of restitution unless ordered by the court during sentencing.
abc13.com
· 2025-12-08
Shawn Shoemaker, a volunteer at the Third Ward Multi-Service Center in Houston, was arrested for felony theft after collecting $120-$128 from approximately 30 senior citizens by falsely promising them a Black History Month trip to Atlanta and Memphis. After collecting the money, Shoemaker repeatedly postponed the trip dates until the seniors realized the trip would not happen. The Houston Health Department barred Shoemaker from all its programs and partnered with law enforcement to address the fraud.
standard.net
· 2025-12-08
This educational article identifies three evolving scams: a sophisticated Social Security Administration phishing email that uses image-based content to bypass filters and installs remote access malware (ScreenConnect) to steal banking and personal data; a Gmail impersonation scam using Google Sites to create fake support portals and collect account credentials; and a fake Realtek driver update targeting Mac users that installs malware to steal login credentials and browser data. The article advises users to avoid clicking links in unsolicited emails, visit official websites directly, and report suspicious messages to appropriate authorities like the FTC and Google.
wktn.com
· 2025-12-08
**Type:** Educational awareness piece
**Summary:** Millions of elderly Americans lose over $3 billion annually to financial fraud schemes including romance, lottery, and sweepstakes scams, with criminals building trust through online, phone, and mail contact. Seniors are frequently targeted due to their trusting nature, and many victims fail to report fraud due to shame, uncertainty about reporting procedures, or fear of losing their family's confidence in their financial independence. The article encourages victims to contact their local FBI field office for assistance.
mysuncoast.com
· 2025-12-08
The Bradenton Police Financial Crimes and Elder Fraud unit acquired credit card skimming detection devices through a Florida Department of Law Enforcement grant to combat criminals who install skimmers on ATMs, gas pumps, and point-of-sale terminals to steal financial information. The department recommends using encrypted digital payment methods like Apple Pay or Google Pay and monitoring bank statements regularly to detect and report fraudulent activity quickly.
metnews.com
· 2025-12-08
In a Ninth Circuit bankruptcy case, a federal court ruled that a California homestead exemption limitation does not apply to Diane Ida Uriostegui despite a Los Angeles Superior Court judgment finding she committed elder financial fraud against Prescott Dowling by inducing him to make her successor trustee and sole beneficiary of his trust. The court held that the federal statute limiting homestead exemptions to $189,050 in fraud cases requires the fraud to occur while the perpetrator already held a fiduciary position, not fraud that merely resulted in gaining such a position; since Uriostegui's deceptive statements preceded her appointment as trustee, she retained her full homestead exem
mwe.com
· 2025-12-08
This document outlines the US Department of Justice's updated White-Collar Enforcement Plan announced in May 2025, which aims to balance corporate criminal enforcement with reducing burden on businesses. The revised approach maintains focus on priority areas including fraud (healthcare, federal programs, securities, and elder fraud), trade/customs violations, and national security threats, while implementing changes such as fee caps on monitors, shorter investigation timelines, and increased opportunities for early case termination. The policy shift reflects the administration's view that previous enforcement strategies were too costly to American enterprise, though DOJ reaffirms its commitment to white-collar crime prosecution.
troutman.com
· 2025-12-08
On May 12, 2025, the DOJ's Criminal Division announced updated white-collar enforcement priorities and policies, including a revised Corporate Enforcement Policy and expanded Corporate Whistleblower Awards Program. The Division's new focus areas include rooting out fraud against government programs (healthcare, procurement), trade fraud, elder fraud, investment fraud (Ponzi schemes, securities fraud), and crimes involving transnational criminal organizations and money laundering. Companies are advised to strengthen compliance programs, internal reporting mechanisms, and review hiring practices and government program participation to align with the Division's heightened enforcement priorities.
natlawreview.com
· 2025-12-08
On May 12, 2025, the U.S. Department of Justice released new white-collar crime enforcement priorities emphasizing three core principles: focus, fairness, and efficiency. The memo identifies healthcare fraud and federal program fraud as top priorities, with elder fraud and Ponzi schemes listed among the "high-impact areas" targeting vulnerable victims, while also directing prosecutors to prioritize prosecuting individuals over corporations and to conduct efficient investigations that minimize unnecessary burdens on businesses.
cnet.com
· 2025-12-08
This article provides guidance on reporting fraud to the Federal Trade Commission (FTC) and FBI's Internet Crime Complaint Center (IC3), emphasizing that victims should report scams even without monetary loss, as only 38% of 2024 fraud reports involved actual financial damage. Reporting helps law enforcement identify trends, catch criminals, and educate the public about popular scams through data analysis and alerts. Victims can file complaints at reportfraud.ftc.gov and ic3.gov, which feed into law enforcement databases used by thousands of agencies nationwide to build cases against fraudsters.
timesofindia.indiatimes.com
· 2025-12-08
An 80-year-old retired Maharashtra government official lost Rs 4.2 crore in a sophisticated digital arrest scam that began in April when fraudsters impersonated telecom and law enforcement officials, falsely claiming money laundering charges and an arrest warrant against him. The scammers used fake video calls simulating a Supreme Court hearing, the fabricated concept of "digital arrest" with threats of surveillance, and psychological pressure to coerce the victim into transferring his life savings to accounts they claimed were government-monitored. The fraud was only discovered when the victim's son investigated the transactions and confirmed the scam.
detroitnews.com
· 2025-12-08
Mohammad Gazi, 49, of Warren, was charged with defrauding a Waterford Township senior of over $40,000 through a computer security scam in which he posed as a representative and instructed the victim to withdraw and hand over cash in multiple transactions. In a separate case, Vedantkumar Bhupenbhai Patel, 25, of Toledo, was charged with scamming an elderly Macomb County couple out of $50,000 via a fraudulent email claiming they had pending child pornography charges and instructing them to withdraw cash for a supposed U.S. Treasury agent pickup.
deseret.com
· 2025-12-08
Scammers use increasingly sophisticated tactics—including spoofed caller IDs, voice cloning, and impersonation of government agencies and loved ones—to defraud people through unsolicited calls, texts, and emails requesting money or personal information. Older adults are particularly targeted because they tend to be more trusting and willing to "make things right," and fraudsters deliberately create urgency to pressure quick decisions without verification. The FBI reports billions of dollars are stolen annually through fraud, and experts recommend resisting immediate action, consulting trusted contacts, and avoiding clicks on suspicious links rather than falling prey to these schemes.
spectrumnews1.com
· 2025-12-08
A Wisconsin woman lost over $500,000 to a romance scam, the fourth-largest amount lost to such fraud in the U.S., after meeting a man on a dating app who posed as an international oil rig worker and repeatedly requested money for emergencies. According to Nasdaq Verafrin, romance scams cost $3.8 billion globally in 2023, making them among the world's fastest-growing frauds. The victim, who had mortgaged her home and taken loans against her vehicles to send the money over seven months, eventually reported the scam to law enforcement with assistance from the Dane County Sheriff, FBI, and Internet Crime Complaint Center.
providencejournal.com
· 2025-12-08
A 75-year-old Rhode Island man pleaded guilty to laundering $35 million obtained through romance scams and elder fraud schemes by operating a "virtual CFO" business from his home. Craig Clayton faces up to 20 years in prison and hundreds of thousands in fines for money laundering conspiracy and obstruction of justice after processing funds on behalf of foreign scammers who defrauded victims out of millions of dollars.
troopers.ny.gov
· 2025-12-08
On May 12, 2025, Lance Norman, 36, of Queens, NY, was arrested for operating a fraudulent Publishers Clearing House scheme targeting an elderly resident of Chatham, NY, who was defrauded of approximately $62,000 across two cash payments. Norman was charged with Grand Larceny in the Second Degree and Conspiracy in the Fourth Degree after being stopped by state troopers in Westchester County with a large amount of cash in his vehicle; he admitted to meeting with the victim and receiving the money.
dailygazette.com
· 2025-12-08
A 36-year-old Queens man, Lance Norman, was arrested for his role in a Publishers Clearing House sweepstakes scam targeting an 80-year-old Columbia County resident. The victim was deceived into believing he had won $10 million and a Mercedes-Benz, then instructed to pay taxes upfront; Norman served as the courier who collected approximately $62,000 in cash from the victim during two separate meetings in Hudson. Norman was charged with second-degree grand larceny and fourth-degree conspiracy after state police discovered a large amount of cash in his vehicle during a traffic stop.
dailygazette.com
· 2025-12-08
Lance Norman, a 36-year-old from Queens, was arrested for his role in a sweepstakes scam targeting an 80-year-old Chatham man who was tricked into believing he had won $10 million and a Mercedes-Benz from Publishers Clearing House. Norman served as the courier in the scheme, collecting approximately $62,000 in cash from the victim during two separate meetings in Hudson; he was apprehended on the Sprain Brook Parkway with a large amount of cash in his vehicle and charged with second-degree grand larceny and fourth-degree conspiracy.
newsbreak.com
· 2025-12-08
Lance Norman, 36, of Queens, was arrested for operating a Publishers Clearing House scam targeting a Columbia County resident who lost approximately $62,000 in cash across two in-person meetings in Hudson. Norman was located in Westchester County with a large sum of cash in his vehicle and was charged with grand larceny and conspiracy, both felonies. New York State Police urged the public to be cautious of prize or sweepstakes scams demanding upfront payments and to report suspicious financial activity targeting older adults.
morganlewis.com
· 2025-12-08
The U.S. Department of Justice announced revised criminal enforcement priorities on May 12, 2025, continuing to prioritize prosecution of fraud and abuse of government programs including Medicare, Medicaid, and healthcare fraud, as well as complex frauds such as Ponzi schemes, investment fraud, elder fraud, and securities fraud. The new policy emphasizes three core tenets—focus, fairness, and efficiency—while balancing effective prosecution of corporate and white-collar crimes with minimizing unnecessary burdens on American businesses. The memorandum also reiterates the importance of corporate compliance programs in determining appropriate enforcement actions.
koaa.com
· 2025-12-08
A Colorado couple nearly lost $75,000 in a real estate scam when they attempted to purchase a five-acre property in Park County through what appeared to be a legitimate real estate transaction. The scammer had impersonated the actual property owner and worked through a deceived real estate agent via email and phone, but was caught when a title company closer noticed red flags including the seller's unavailability by phone and insistence on using an out-of-state notary. The fraud was prevented before any money changed hands, and the couple is now warning others about seller identity fraud in real estate transactions.
states.aarp.org
· 2025-12-08
Former San Diego Deputy District Attorney Paul Greenwood shared insights on elder fraud at the 8th Annual Fairfax Scam Jam, highlighting why victims often remain silent—including impairment, isolation, shame, loyalty to abusers, fear of losing independence, dependence on caregivers, and retaliation fears. Greenwood advocates for a proactive community approach to fraud prevention, including training notaries to recognize fraud signs, public awareness campaigns, and educating the public about misconceptions such as ageism affecting investigations and the false belief that giving someone money cannot constitute a crime.
neworleanscitybusiness.com
· 2025-12-08
A 69-year-old Philadelphia woman nearly fell victim to a sophisticated tech support scam in which fraudsters posed as Norton antivirus, Microsoft, and her bank, threatening her with arrest and claiming hackers had transferred $18,000 to Russian accounts unless she purchased cryptocurrency. She avoided losing money after recalling that a friend had lost $800,000 to a similar scam and hung up the phone. Experts note that artificial intelligence, dark web data access, and lack of federal oversight have made financial scams increasingly believable and effective, with Americans losing between $23.7 billion and $158.3 billion to such schemes in 2023-2024.
recorderonline.com
· 2025-12-08
Vikki Ann Cervantes, 50, a former Porterville librarian, was arrested on felony charges of grand theft, identity theft, and elder abuse after a yearlong investigation revealed she misappropriated thousands of dollars from an elderly victim's bank account without permission. The victim had granted Cervantes access to her account in 2024 to help pay bills following a medical condition, but Cervantes used the funds for her own personal expenses and opened additional accounts to continue accessing the victim's money. Cervantes turned herself in and was released on her own recognizance; a forensic audit found no evidence of theft from city library funds.
justice.gov
· 2025-12-08
Kenneth Richmond, a 64-year-old New Orleans resident, pleaded guilty to conspiracy to commit wire fraud and aggravated identity theft for a 2022 scheme in which he and an accomplice used fake and stolen personal information to fraudulently purchase vehicles from a local dealership, including financing a Dodge Challenger with a victim's stolen identity. The fraud caused approximately $124,031.41 in losses to the dealership, with several financed loans defaulting. Richmond faces up to 20 years in prison plus a mandatory consecutive 2-year sentence, with sentencing scheduled for August 14, 2025.
cantonrep.com
· 2025-12-08
The Better Business Bureau warns new college graduates to be cautious of four main scam types during their transition to post-college life: fake student loan forgiveness programs that charge fees for services, fraudulent tuition collection schemes demanding immediate payment via wire transfer, deceptive job offers promising high pay for remote entry-level positions while requesting personal/banking information or training fees, and fake graduation gifts or scholarships requesting personal information or processing fees. Graduates are advised to understand their actual loan terms, verify communications directly with institutions, research companies before applying for jobs, and be skeptical of unsolicited offers.
sandiegoreader.com
· 2025-12-08
AARP California hosted a free educational event on June 20, 2025, in San Diego featuring expert speakers from law enforcement, protective services, and advocacy organizations to raise awareness about scams and financial exploitation targeting older adults. The presentation, held in recognition of World Elder Abuse Awareness Day, included representatives from the Elder Justice Task Force, District Attorney's Office, FBI, Adult Protective Services, and the Identity Theft Resource Center.
bristolpost.co.uk
· 2025-12-08
Romance scams targeted 29% of people seeking relationships online in the UK, with 51% of those targeted agreeing to send money to someone they hadn't met in person; these scams stolen £31.3 million from victims in 2022, with fraudsters using emotional manipulation and false pretenses (medical emergencies, travel costs) to build trust before disappearing with the money. Nationwide warns that recovered funds are unlikely and advises victims to contact their bank immediately with evidence, while recommending potential dating app users stay on legitimate platforms, avoid pre-meeting money discussions, verify profiles through reverse image searches, consult trusted friends, and watch for generic script language and investment solicitation tactics.
bristolpost.co.uk
· 2025-12-08
Romance scams targeted 29% of people seeking relationships online in the UK, with 51% of those asked actually sending money to fraudsters they had not met in person. According to UK Finance, these scams stole £31.3 million in 2022, with victims unlikely to recover their funds once transferred. Nationwide advises staying on trustworthy dating platforms, avoiding money discussions with unmet contacts, researching potential partners through reverse image searches, and consulting trusted loved ones to identify scammers who use emotional manipulation and generic scripts to exploit victims.
devonlive.com
· 2025-12-08
Romance scammers defraud victims by building trust-based online relationships and requesting money with emotional manipulation tactics; in 2022, romance scams stole £31.3 million from British victims, with 51% of those asked for money by online contacts agreeing to send it. Once money is sent to scammers, recovery is typically impossible as the fraudster disappears. Nationwide recommends staying on legitimate dating platforms, avoiding financial discussions before meeting in person, researching potential partners' backgrounds, consulting trusted loved ones, and being alert to scripted messaging and investment schemes.
bristolpost.co.uk
· 2025-12-08
Nationwide warned that romance scams affected 29% of people seeking partners online, with 51% of those targeted agreeing to send money to someone they hadn't met in person. These scams stole £31.3 million from British victims in 2022, with fraudsters using emotional manipulation to build trust before requesting funds, after which money is rarely recovered. The bank advised protective measures including staying on legitimate dating platforms, avoiding money discussions before meeting in person, researching potential partners' authenticity, and consulting trusted contacts before sending funds.
mk.co.kr
· 2025-12-08
Fraud crimes in South Korea have surged dramatically, with "other cyber fraud" types increasing sevenfold from 3.1% to 21.7% of all fraud between 2014 and 2023, while arrest rates for these crimes simultaneously declined to 47.4% in 2023. Emerging scams like "team mission" fraud—which deceives victims into depositing money under the guise of product review jobs—and hybrid scams combining multiple fraud methods are outpacing law enforcement's ability to classify and respond to them. Experts recommend establishing an integrated fraud prevention system with a dedicated "fraud response control tower" involving police, financial authorities, and victim support organizations to detect
newsbreak.com
· 2025-12-08
A Midwest woman fell victim to two interconnected online scams that have left her facing 29 years in prison and thousands in fines. She first lost thousands of dollars in a romance scam on Words with Friends, then unknowingly became a "money mule" transferring $300,000 in illegally obtained funds for cybercriminals. The scammers exploited her trust by moving conversations to untraceable messaging platforms, creating artificial urgency, and isolating her from verification opportunities, while she now faces legal consequences while the actual criminals remain at large.
finance.yahoo.com
· 2025-12-08
In 2024, fraud cost Americans $12.5 billion with a median loss of $1,500 per victim, with many incidents involving imposters posing as banks, retailers, or government agencies. Common scams include fraudulent bank charge texts, arrest threat calls demanding payment to avoid police action, fake USPS or Amazon messages requesting payment details, and official-looking property tax bills targeting recent homebuyers. Consumers should verify suspicious communications by contacting official numbers or agencies directly rather than using contact information from the suspicious message itself.
cnet.com
· 2025-12-08
CNET advises fraud victims to report scams to the Federal Trade Commission and FBI's Internet Crime Complaint Center, even if no money was lost, as these reports help authorities identify trends, educate the public, and build cases against criminals. The FTC received over 3.4 million complaints last year with only 38% involving monetary losses, and victims can also take steps like freezing credit, contacting their bank, or using identity theft protection services to mitigate damage.
consumerfinance.gov
· 2025-12-08
Five federal financial regulatory agencies and FinCEN issued guidance to help banks, credit unions, and other financial institutions combat elder financial exploitation, which affected approximately $27 billion in reported suspicious activity over a one-year period ending in June 2023. The statement recommends risk management practices including employee training on recognizing exploitation, establishing trusted contact processes, implementing transaction holds when appropriate, and timely reporting to law enforcement and Adult Protective Services. These measures aim to help supervised institutions identify, prevent, and respond to elder financial exploitation that can cause older adults to lose their life savings and financial security.
cbsnews.com
· 2025-12-08
A retired IRS agent, 81-year-old Elana Cohen-Roth, was sentenced to 12 years in prison for running a Ponzi scheme that defrauded a Sonoma County elderly woman of $1 million in life savings between 2013 and 2019. Cohen-Roth, who had gained the victim's trust while preparing her taxes, promised guaranteed 10% returns on bogus investments and used funds from multiple victims to pay off earlier "investors" while financing her own lavish lifestyle. The victim, age 73 at the time the scheme collapsed in 2020, went from owning a home and having $1 million in investments to financial
wired.com
· 2025-12-08
This article is not about elder fraud. It covers cybersecurity and immigration policy issues, including CBP's face recognition expansion, data breaches affecting a messaging app used by government agencies, and a hack of a deportation airline that revealed flight manifests. These topics fall outside the scope of elder fraud research and do not involve scams targeting older adults or elder abuse.