#financial-exploitation tag

Friendship fraud: warnings of rise in insidious' scam targeting older people

Friendship fraud targets older individuals, exploiting their loneliness and leading to significant financial losses through small, repeated requests for money.

Business

fromBusiness Matters

Former RBS manager admits taking 600,000 in bribes from struggling business customers

An RBS Global Restructuring Group manager admitted accepting over £600,000 in bribes from struggling business owners in exchange for favorable treatment between 2012 and 2016.

Careers

from24/7 Wall St.

Dave Ramsey: "You Haven't Been Paid in 20 Weeks But You Only Recently Discovered That?"

A master electrician went 20 weeks without full paychecks, losing $18,000 in wages while distracted by major life events, revealing how wage theft operates gradually in small businesses through delayed and partial payments.

Miscellaneous

fromMoneywise

PA Retiree Loses $221K in Remote Work Task Scam

A Pennsylvania retiree lost over $220,000 in a sophisticated task scam involving fake hotel review work that used escalating deposit requirements and false withdrawal obstacles to extract money.

Fundraising

They say you have to buy blessings': the London women who gave everything to a controversial church

The Fundraising Regulator found that the Universal Church of the Kingdom of God breached fundraising codes by soliciting large donations from vulnerable donors without safeguards or consideration of their circumstances.

Retirement

from24/7 Wall St.

2 months ago

The Top Scams Retirees Fall For Every Time

Retirees aged 65 and over are primary targets for scammers exploiting technological gaps and accumulated savings through schemes like grandparent scams and romance fraud.

France news

fromThe Local France

3 months ago

French mother superior bullied nuns in Montmartre

Mother Marie-Agnes led decades of systemic abuse, surveillance, coercion, and financial exploitation of Benedictine nuns in Montmartre from 1969 to 2012.

Remodel

fromSlate Magazine

4 months ago

I Took My Nephews In After My Brother Abandoned Them. Now They're Furious Over the Ways I "Failed" Them.

Chronic family financial irresponsibility and manipulation led to estrangement, financial loss, and significant personal sacrifices including housing relatives while protecting savings and assets.

Social justice

fromSecuritymagazine

5 months ago

Elder Fraud and Veterans: A Growing Crisis

Aging veterans face heightened risk of elder fraud, losing substantial funds and suffering reduced trust, independence, and quality of life.

Miscellaneous

fromIndependent

5 months ago

Businessman Denis O'Brien 'completely duped' by DJ Carey who 'took advantage of friendship' to con him out of 130,000, court hears

Denis O'Brien said DJ Carey duped him of more than €130,000 by falsely claiming to have cancer and soliciting money for treatment.

Relationships

fromSlate Magazine

6 months ago

Help! My Sister's Kids Just Did Something Truly Horrible to My Mother. I'm on the Verge of Violence.

Adult children neglect an elderly mother despite her lifetime of caregiving and financial sacrifice, causing deep hurt, family conflict, and caregiver exhaustion.

US politics

fromSFGATE

7 months ago

Banks Can Soon Stop Scams Targeting Seniors: 5 Key Takeaways

A bipartisan bill empowers financial institutions and the SEC to detect, delay, and investigate suspected financial exploitation to protect seniors' savings and homes.

7 months ago

I am a fighter': ex-NFL player on surviving suicide and financial abuse

In a span of five years, beginning in 2015, the former National Football League quarterback Erik Kramer tried unsuccessfully to die by suicide, then lost hundreds of thousands of dollars after a woman he secretly married plundered his life's earnings while he struggled to heal. Kramer nonetheless considers himself an extremely lucky man and knows his recovery both mental and physical has been extraordinary by any definition, he said in an essay shared with the Guardian.

Mental health

Law

fromwww.mercurynews.com

7 months ago

As serious as a heart attack': Los Gatos man disputes county-initiated conservatorship

A 79-year-old man was placed in a temporary conservatorship after donating his $2.5 million home amid allegations of fraud and undue influence he contests.

fromLos Angeles Times

David Geffen accused of abusing ex in suit alleging paid sex and superyacht drug parties

Michaels claims he was manipulated and trapped in an abusive relationship, alleging Geffen preyed on his vulnerabilities as a young gay Black man from the foster system.

LGBT

Women

fromBuzzFeed

I Got Rich Working For An MLM - And It Cost Me Everything That Truly Mattered

MLMs often generate profit through the loss of others, leading to personal harm and disillusionment.

fromwww.mediaite.com

Tucker Carlson Goes OFF On Sleazy' Sports Gambling Giants DraftKings and FanDuel: Those Are the Villains'

Carlson pointed out that companies like DraftKings and FanDuel are profiting significantly, with forecasts indicating a record financial year, leading him to question why people are paying their gambling debts.

US politics

Law

fromHarvard Gazette

Should you lose your rights with age? - Harvard Gazette

Older adults face increasing risks of cognitive decline, leading to challenges in decision-making autonomy and increased potential for financial exploitation.

Renovation

fromwww.housingwire.com

10 months ago

In Chicago, a reverse mortgage scammer left a lasting scar

Reverse mortgages can be risky for seniors, particularly in areas with financial exploitation cases.

Declining reverse mortgage use reflects broader trends, especially impacting minority neighborhoods in Chicago.

UK politics