A San Diego couple were arraigned and charged with 11 felony counts, including burglary, grand theft, theft from an elder, and other charges. According to authorities, the man and his wife scammed more than 230 San Diego area senior citizens out of $1.9 million and also victimized hundreds of seniors across 10 other states to the tune of $6 million. Their modus operandi: selling fraudulent in-home, non-medical senior service contracts. Promising to provide unlimited personal services for an annual fee, they failed in many cases to provide any service at all, while attempting to collect even higher fees from their victims.
A former Florida life insurance agent has been convicted of misrepresenting financial products to seniors, leading them to purchase inappropriate investments. As a result, more than 30 seniors suffered losses of more than $1 million. In addition to selling unsuitable products, the agent falsified two insurance applications. Sentenced to seven years in prison and 10 years of probation, the agent was also ordered to pay full restitution to his victims.