Elder Fraud Sweep – National Elder Hotline
According to a news release on March 3, law enforcement charged more than 400 defendants in a nationwide sweep on elder fraud investigations that led to the launch of a hotline. This was reportedly a steep increase from the 260 defendants charged in cases as part of last year’s sweep.
Each of the defendants are reportedly accused of engaging in financial schemes that targeted or largely affected seniors. The total losses from these elder fraud schemes is allegedly more than $1 billion.
Attorney General Barr also announced the launch of a National Elder Fraud Hotline, which will provide services to seniors who may be victims of financial fraud. The Hotline’s toll free number is 833-FRAUD-11 (833-372-8311).
According to the Department of Justice, the Transnational Elder Fraud Strike Force prosecuted more than one quarter of the defendants charged as part of the announced sweep.
This information is all publicly available and is provided to you by The White Law Group, a national securities fraud, securities arbitration, and investor protection law firm.
If you suspect that you or someone you know has been the victim of elder fraud The White Law Group may be able to help you. For a free consultation with a securities attorney please call 1-888-637-5510.
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