Elder Financial Exploitation

Ohio Financial Advisor Is Sentenced to Prison Over an 8-Year Fraud Scam

If you suffered serious investment losses while working with former W & S Broker Services stockbroker Ronald Scott Dailey, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. The barred financial advisor was sentenced to 54 months in prison after he pleaded guilty to wire fraud and tax evasion connected to an eight-year scam that cost his victims hundreds of thousands of dollars.

Among the allegations made against him was that he would convert clients’ funds taken out of fixed annuities and life insurance. He would have them move the money to a bank account that he controlled, defrauding at least three victims of over $707,000, which he was ordered to pay in restitution. He also must pay the IRS almost $212,000.

When Banks Fail To Protect Older Seniors From Elder Financial Abuse

86-Year-Old Grandmother Sues Merrill Lynch, UBS, and TD Bank Over Loss of $700,000 in Life Savings in Fraud Scam

Shepherd Smith Edwards and Kantas Elder Financial Exploitation attorneys (investorlawyers.com) represent seniors who have suffered losses because of elder financial abuse. Banks, brokerage firms, and investment advisers are supposed to protect investors from becoming the victims of fraud. It is no secret that elderly seniors, especially those with cognitive impairments, can be especially vulnerable to scammers. Elder financial abuse reportedly costs older Americans about $28B a year.

Articles Posted in Elder Financial Exploitation

Shepherd Smith Edwards and Kantas Investigates Barred W&S Brokerage Services Broker Ronald Daley

When Banks Fail To Protect Older Seniors From Elder Financial Abuse