Omnibus Accounts & Setting up Innocent Seniors As Ponzi Crime Kingpins

Are elder with diminished capacity set up as the foundational capital in illicit wealth management Ponzi schemes and REITs? Tracking benefactors in Omnibus account may open clues to crony-aligned exploitation networks feeding of the vulnerable and unbeknownst senior citizen investors.

Elder Exploitation, Conversion, Omnibus Account Fraud & Ponzi Schemes.

The Elder Ponzi Scheme: Financial Elder Abuse, Beware If It Sounds To Good To Be True

Laws for Felony Fraud Schemes 18 U.S. Code § 1343]

Fraudulent IRA Conversions

The defendants allegedly lured investors by saying the fund offered “safer returns” for individual retirement accounts.”

Omnibus Accounts Create an Increased Risk of Fraud

Securities and Exchange Commission v. Corbin L. Lambert, Civil Action No. 4:20-cv-03116 (D. Neb. filed September 28, 2020)

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Data aggregation sources and leads: regional newspapers, VP Taskforce, AltrueSoft Tech Platforms, Citizen to Citizen Reporting, Northwest Journal News, Grassroots Elder Advocate Organizations, State & national GAO research monitoring & grant projects. Key search terms: § 18-1505, §39-5302, Adult Protective Services, Dept. of Health, Elder Abuse and Exploitation. Aggregated & direct interviews via Citizen research and
complaints focused on corruption, professional cronyism among state licensed service providers such as Estate Planning Attorneys, Doctors, Clinicians & Psychologist Evaluation, Conservator, Court Visitor, LSW, Guardian,
Guardianship, Trustee, Management Services, IRPC, Idaho State Bar, CMS, Hospital, Facility Management SEC, FINRA, Code of Federal Regulations, Tax Fraud, Wealth Management Services, Certified Financial Forensics & CPA Investigation manuals, Uniform Code and many more industry compliance guidelines . Supported by research from over site sources, Bureau of Occupational Licenses and all State Statutes relevant to Negligence, Exploitation & Abuse including Probate Court monitoring, Senate Hearing on “Toxic Conservatorships“, recent federal legislation, Acts of Congress, Elder Justice Act, Elder Guide For Law Enforcement (EAGLE), American
Bar Association & American Psychologists Association Resources on & Elder Abuse & Vulnerable Person Legislation.

Courtesy of Spokane; Washington, Sandpoint & Coeur d’alene; Kootenai County, Idaho Grassroots Networks.

One thought on “Omnibus Accounts & Setting up Innocent Seniors As Ponzi Crime Kingpins”

  1. Fraud, Scams and Dementia | Wealth Management

    A recent study from Rush University analyzed whether decreased awareness to scams was an early indicator of dementia. The study included more than 900 seniors in their 70s and 80s and their ability to detect scams and fraud. Researchers then examined whether there was a link between susceptibility/awareness of scams and fraud to Alzheimer’s disease or other cognitive impairment. The seniors studied had no obvious signs of dementia or impairment at the outset. Of those studied, more than 400 later were diagnosed with Alzheimer’s disease or cognitive impairment.

    Science has determined that before symptoms of cognitive impairment become obvious, there are changes to the brain that seem to impact executive function. Many have wondered if an impaired executive function (judgment and reasoning) leaves an individual open to scams and fraud, especially with the prevalence of elder abuse. The study from Rush University appears to be the first to study a link between the two. Participants in the study who were later diagnosed with Alzheimer’s disease or cognitive impairment demonstrated a higher likelihood of being susceptible to scams or fraud prior to the diagnosis.

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