Elder fraud

Planners' fears of violating privacy stops them from taking action. If implemented, a new model act might help.

There are red flags that may be pointing to elder fraud in a client account.

Christopher Dougherty’s proferred investments allegedly included real estate properties and a 100-acre organic farm.

Frederick McDonald Jr. is accused of failing to disclose key risk factors regarding the complex world of the cannabis manufacturing industry.

A niece thought her aunt’s caretaker was stealing. How much can an advisor do?

Melvin Leonard Wimmer Jr. is said to have bilked clients out of their retirement savings.

John Gregory Schmidt allegedly devised a 14-year scheme that straddled his time with Stifel and Wells Fargo.

The Biltmore Capital fund was dissolved at an almost total loss, but not before Caleb Overton raised $2.2 million from 10 investors.

The advisor used about $410,000 to pay back investors in Ponzi-like fashion to keep the scheme alive, the regulator says.

At least 17 individuals invested $13 million in the scheme, and many lost 'substantial portions' of their life savings, prosecutors say.