Assisted living residents, others, had more than $1.5 billion stolen in a year, DOJ says
By
Kimberly Bonvissuto
Nov 10, 2023
The Department of Justice brought almost 300 criminal and civil actions against more than 650 people who collectively stole more than $1.5 billion from more than 2.4 million older adults, including assisted...
Business briefs, Nov. 10
By
Kathleen Steele Gaivin
Nov 10, 2023
DHS announces countries eligible for H-2A and H-2B visa programs … Assisted living residents, others, had $1.5 billion+ stolen in a year, DOJ says … Senators, attorneys general defend proposed staffing...
Former senior living executive to repay $74 million to defrauded investors
By
Kimberly Bonvissuto
Oct 31, 2023
A former senior living executive, whose prison sentence for fraud was commuted by former President Trump as he left office, still must repay more than $74 million in restitution to his more than 1,400...
Seniors more susceptible than ever to tech scams, online fraud, FTC report shows
By
Aaron Dorman
Oct 20, 2023
Tech scams are among the most common, and costliest, kinds of fraud seniors fall victim to, a new FTC report shows.
Older Americans shelled out $1.6 billion for scams in 2022, FTC reports
By
Kathleen Steele Gaivin
Oct 19, 2023
Older adults lost $1.6 billion to scams last year, according to an annual report published Wednesday by the Federal Trade Commission. That’s up from the previous year, which cost older adults $1 billion...
Senior living bookkeeper accused of embezzling $1.6 million from community
By
Kimberly Bonvissuto
Oct 12, 2023
A senior living community bookkeeper has been accused of embezzling at least $1.5 million from her employer through unauthorized bank transfers.
Older adults at risk for real-world impersonation scams
Sep 27, 2023
The highest cognition and financial literacy was reported for older adults who engage but with skepticism.
More news for Tuesday, Sept. 26
By
Kimberly Bonvissuto
Sep 26, 2023
Assisted living community sued over medication mismanagement … Study shows AI tools could predict dementia … 30 credit card scams target financially vulnerable older adults
Sizable number of older adults vulnerable to fraud, scams
By
Kimberly Bonvissuto
Sep 25, 2023
Results of a study using an experiment designed to mimic real-world imposter scams suggests that many older adults, including those without cognitive impairment, are vulnerable to fraud and scams, placing...
More news for Wednesday, Sept. 20
By
Kimberly Bonvissuto
Sep 20, 2023
Rising insurance rates, inferior products unsustainable for housing providers: LeadingAge … Moving everyday keeps the doctor away … Estimated pricing model meant to provide transparency across senior...