We delve into interesting aspects of historic and recent financial frauds with the aim of informing and empowering investors and businesses with knowledge to protect themselves from becoming victims of financial fraud. Seasoned forensic accountant, Jim Barratt, breaks down the frauds in simple terms and provides Illuminating analysis and insightful commentary on these deceptive practices that plague the business world. Experienced professionals join the podcast as guests to share their experiences and perspectives. Financial frauds are often astonishing, scandalous, and ridiculous.
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We delve into interesting aspects of historic and recent financial frauds with the aim of informing and empowering investors and businesses with knowledge to protect themselves from becoming victims of financial fraud. Seasoned forensic accountant, Jim Barratt, breaks down the frauds in simple terms and provides Illuminating analysis and insightful commentary on these deceptive practices that plague the business world. Experienced professionals join the podcast as guests to share their experiences and perspectives. Financial frauds are often astonishing, scandalous, and ridiculous.
Raising the Alarm: The Devastating Impact of Elder Fraud
Financial Fraud and Other Shenanigans
47 minutes 1 second
1 year ago
Raising the Alarm: The Devastating Impact of Elder Fraud
In this episode, we dive into the devastating issue of elder fraud, which is growing at an alarming rate and seriously harming our senior population. We explore the impact of the various types of scams targeting the elderly. Victims are losing billions of dollars each year with the increase in email, internet and cryptocurrency scams. Government agencies and companies are working to raise awareness, provide education and limit the ability of scammers. Our special guest, Ron Long, has dedicated much of his career to developing improved ways for financial institutions to fight the scourge of elder financial exploitation. Ron created and led the Elder Client Initiative team at Wells Fargo Advisors and currently serves as the co-lead of the Senior Investor Compliance Services team at Stevens and Lee. It is critical to raise awareness to people of all ages so we can collectively work to prevent criminals from preying on our most vulnerable citizens.
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Host: Jim Barratt
Website: Barratt Consulting Group
LinkedIn profile: Jim Barratt, CPA, CFF | LinkedIn
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Special Guest: Ronald Long
Website: Ronald C. Long - Stevens & Lee (stevenslee.com)
LinkedIn profile: Ronald Long | LinkedIn
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To learn more about Elder Fraud Exploitation:
Internet Crime Complaint Center(IC3) | Home Page -FBI
Fighting fraud against older adults | Consumer Advice (ftc.gov) -Federal Trade Commission
How to Report Elder Abuse, Financial Exploitation (aarp.org) – American Association of Retired Persons
Protecting Seniors From Financial Exploitation | FINRA.org – FINRA
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Voiceovers by Cat Stratakis.
Financial Fraud and Other Shenanigans
We delve into interesting aspects of historic and recent financial frauds with the aim of informing and empowering investors and businesses with knowledge to protect themselves from becoming victims of financial fraud. Seasoned forensic accountant, Jim Barratt, breaks down the frauds in simple terms and provides Illuminating analysis and insightful commentary on these deceptive practices that plague the business world. Experienced professionals join the podcast as guests to share their experiences and perspectives. Financial frauds are often astonishing, scandalous, and ridiculous.
