Volunteering for and donating to charities is an excellent way for people in New York to give back and help others. When a situation arises in which it is possible to help a charity while also receiving a return on investment, it might feel like the perfect opportunity. Unfortunately, at least two people who thought they were doing just that say never saw any type of return. Instead, they ended up being victims of investment fraud.
Protecting older adults from sweetheart scammers
Adults can become more vulnerable as they age, especially as their loved ones and close friends begin to pass away. These circumstances can often make them feel lonely, defenseless and sad during this tough transition. Unfortunately, this could subject them to what some call the "sweetheart scam," where older adults can be tricked out of money through the ruse of an online stranger's love and attention.
Rochester based investment manager scams hundreds in Ponzi scheme
Perry Santillo, a Rochester-based investment banker, admitted to scamming hundreds of investors in a national Ponzi scheme.
Securities fraud and abuses still a problem for investors
The security industry involves a number of different forms of investments, such as mutual funds, bonds, stocks and much more. While these types of investments can be quite different, as securities they all involve investments made by entities and individuals with an expectation of yielding profits. Federal laws are in place to protect people and their investments from abuses, but unfortunately securities fraud and other abuses still take place.
