Scammers frequently target the elderly for securities fraud

Money is almost a universal concern among adults, but especially for the elderly who might be living on fixed incomes and limited retirement savings. New York scammers understand this all too well and use it to their advantage when committing securities fraud and elder financial abuse. These acts of fraud can -- and often do -- deplete much of the victims' life savings.

Men convicted of securities fraud sentenced to federal prison

Investors might not hear much about Ponzi schemes these days, but that does mean they are gone. In fact, many people are still running these investment schemes in New York. This form of securities fraud heaps huge losses on those who were led to believe that they were making sound investments.

Former stockbroker on trial, accused of securities fraud

A former stockbroker recently went to trial after he pleaded not guilty to a number of serious charges. Charges for mail and wire fraud are just two of the 11 criminal counts. Investors in a state bordering New York say they suffered significant losses because of the broker's actions, which is sadly not an uncommon outcome of securities fraud.

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