No, it's not the Polka King of Pennsylvania but something far more prosaic. Last week, according to complaint released by the Securities and Exchange Commission (SEC), a former stockbroker based in Wayne, PA has been sentenced to more than 5 years in prison for operating a $2.35 million ponzi scheme that involved 30 investors.
Talking About Money With Aging Parents
Elder Financial Abuse Can Happen to Anyone
Widely considered one of the most pressing problems of our times, elder abuse and particularly elderly financial abuse have received national attention, thanks to initiatives by the Department of Health, the Department of Labor, and the Obama Administration. These agencies have focused on the loss of billions of dollars per year in retirement savings among not just millionaires but ordinary hard-working and retired Americans.