Infamous Scanals and Some Not as Infamous
You may have heard of Bernard Madoff, Allen Stanford, or Marc Dreir. If not, we included those below. However, the majority of frauds are local a few millions or even a few thousand. It is still fraud and it is all around you. Here are those stories.
This fraud news is just the tip of the iceberg. Protect yourself and ask for the free MoneyFAX Report from your advisor, firm, or financial/legal professional OR Search Here to see if they have one. If they don’t, ask them why?
401(k) Plan Fraud News
With billions sitting in various 401(k), 403(b), and 457 retirement plans who is watching your money? What are the fees charged? Why aren’t they disclosed? Are your contributions going to your account timely or at all? Is your employer truly matching funds? Who runs the plan? What is their background, expertise? Gives me my investment options? If your Is your employer contributing to your plan timely or at all? If you plan has a MoneyFAX Report, you already know the answer to these questions. If not, you could be the next news story.
Think a MoneyFAX Report is only on those with financial advisors? Think again. You don’t think it will happen to you. They didn’t think it would happen to them. Search Here to see if your plan administrator and plan have a MoneyFAX Report and start protecting your money.
Pension Fund Fraud News
Have a pension fund? Counting on it to take care of you when you retire? Counting on it now? Pension Fund Fraud activity occurs and is covered up. Here are a few of the news stories that uncovered theft and fraud from other pensioners.
With a MoneyFAX Report on your pension fund, you will know who runs your pension, their background, expertise, and whether they have the integrity you expect. The integrity you need. Search Here to see if they have one. If they don’t, ask them why?