From the WSJ: Authorities want legislation to stop fraud on elders

http://www.wsj.com/articles/officials-seek-clampdown-on-elder-fraud-1451434278

This is regarding financial planners that scam the elderly and churn accounts or recommend poor investments.

But we all know the real people that need to report are:

  1. the ARDC should file its ethics reports
  2. professional guardians should file ethics reports
  3. court appointed vendors (both probate and divorce court) should file ethics reports and have independent 3rd parties provide an internet forum for families to rate them on price, budget, effectiveness, etc.
  4. the JIB should justify dismissing valid citizen complaints.
  5. the ARDC should strip judges engaging in wrongdoing of their law licenses.  It should not be an excuse they were sitting on the bench when they committed a fraud against the public.  “Kids for cash” and “seniors for cash” is a good example.

The Wall Street Journal is on the right track holding financial assistants and planners accountable for what they do, but they can add in the vendors (leeches) of both custody court and probate court.

 

Advertisements

One thought on “From the WSJ: Authorities want legislation to stop fraud on elders

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s