Elder Financial Abuse

Federal prosecutors in Chicago charged Ralph Rogers III with wire fraud on March 6, 2025. The 62-year-old investment adviser from Batavia faces serious allegations of deceiving clients through fake business schemes. We learned that Rogers promised investors lucrative returns from nonexistent ventures in fiber optic cable installation and copper piping projects between 2021 and 2023. […]

Network 1 Securities faces a $740,000 penalty from FINRA for failing to protect against money laundering. The financial watchdog ordered the firm to pay $200,000 in fines and $534,000 in restitution on August 31, 2023. FINRA also suspended Michael Molinaro, the firm’s anti-money laundering compliance officer, and fined him $5,000. This marks his second suspension

UBS now faces a massive $95 million arbitration award after giving unsuitable investment advice to clients. The case, announced on March 4, 2025, centers on recommendations to short Tesla stock. We’ve seen how UBS advisors urged clients to maintain these short positions even as losses kept growing. This situation shows the real dangers of betting