Administration | February 28th, 2024 LIMRA, SPARK Institute Join Forces to Fight Fraud in Retirement Plans The organizations plan to conduct research and educate plan sponsors and participants on fraudulent activity in retirement plans to increase...
Compliance | November 14th, 2023 Alight Solutions Seeks Summary Judgement in 401(k) Theft Case Alight claims Paula Disberry’s retirement lawsuit “arose out of the unfortunate theft,” of $750,000 in 401(k) assets, not fraud or...
Compliance | November 13th, 2023 Motion Seeks to Hold Alight Liable for Theft of 401(k) Assets Plaintiff Paula Disberry has requested the court order restoration of her $750,000 in lost assets.
Compliance | December 27th, 2022 District Court Narrows $750,000 Retirement Theft Lawsuit Claims A federal judge granted the motion to dismiss one of three defendants in a retirement theft lawsuit.
Compliance | November 1st, 2022 CEO Pleads Guilty to Fraud, Failing to Pay 401(k) Contributions Maddox Group’s Adam Belardino faces up to 45 years in prison for wire fraud and making false statements to the...
Compliance | September 23rd, 2022 Senate Hearing Highlights Senior Scams and New Institutions to Combat Them An advisory group on preventing senior scams was highlighted in a Senate hearing Thursday that discussed the broader issue of...
Compliance | July 13th, 2018 Former New York Retirement Fund Employee Sentenced in Pay-to-Play Scheme Navnoor Kang allegedly used his position to direct up to $2.5 billion in state business to registered representatives at two...