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Elder fraud

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Ex-Fairfield County Company Exec Admits To $9.5M Consumer Scam, DOJ Says Ex-Fairfield County Company Exec Admits To $9.5M Consumer Scam, DOJ Says
Ex-Fairfield County Company Exec Admits To $9.5M Consumer Scam, DOJ Says A New York man who was an executive at a company in Connecticut has admitted to causing more than $9.5 million in losses to consumers across the country. Northern Westchester County resident Norman Newman, age 74, of Croton-on-Hudson,  pleaded guilty today to supplying lists of consumers’ names and addresses for use in schemes that targeted vulnerable victims, according to court documents filed by the United States Department of Justice. From 2005 to 2016, Newman worked as a list broker and senior vice president at Macromark Inc., a Fairfield County-based direct mail services firm…

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by Joe Lombardi
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Three CT Residents Charged In Elder Fraud Cases Three CT Residents Charged In Elder Fraud Cases
Three CT Residents Charged In Elder Fraud Cases Three Connecticut residents were among those targeted and charged following the “largest coordinated sweep of elder fraud cases in history,” the U.S. Attorney’s Office announced. The Department of Justice said that this year, prosecutors charged more than 400 people - up from 260 the year before - for elder scams. In each case, offenders allegedly engaged in financial schemes that targeted or largely affected seniors.  In total, the charged elder schemers caused alleged losses of over a billion dollars. In Connecticut, Torrington resident Lestor Burroughs, a registered securities bro…

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by Zak Failla