Investment manager pleased clients — until his criminal past emerged

Investment manager pleased clients — until his criminal past emerged

Bruce Fred Friedman is now accused of running a 0-million Ponzi scheme. He denies doing so. The case draws attention to a gap in the oversight of those who run private investment funds. After she retired as a legal assistant, Patricia Hank took her financial planner’s advice and invested her 0,000 retirement savings with Sherman Oaks investment manager Bruce Fred Friedman.

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Protecting seniors from financial abuse

The Elder Investment Fraud and Financial Exploitation project will train social workers and doctors to detect fraud against seniors who may be more vulnerable. Despite the headlines about con artists like Bernie Madoff, your chance of getting swindled out of your life savings is relatively slim. But the possibility grows as you get older.

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