How to Avoid Falling Victim to Business Coaching Scams

Block & Landsman by Block & Landsman

tip shows in a bubble, consumer fraudBusiness coaching scams are commonplace among consumers, but there are ways to catch on to scammers' tricks and avoid them before they can do any harm. While business coaches generally seem to have their customers' best interests at heart, they can often manipulate people to spend more on services that ultimately only result in financial devastation. Here are some tips to follow to help avoid business coaching scams. Never Pay for Information That Should Be Free Many agencies offer free helpful information regarding business development ad...Read More

Trump Eliminates Fiduciary Obligation Owed by Financial Advisors

Block & Landsman by Block & Landsman

supreme-court-building, securities fraudThe White House recently signed an Executive Order that “shelved” the fiduciary standard of care for financial advisors. The fiduciary rule was drafted and set to be implemented by the Department of Labor on April 10, 2017. The rule was promulgated under the authority in the 2010 Dodd-Frank reforms. The Trump Administration issued a directive to the Department of Labor instructing it to study the impact of the rule further and to delay The fiduciary rule required financial advisors to place the interests of their clients above their own....Read More

“Dirty Dozen” Tax Fraud Schemes

Block & Landsman by Block & Landsman

tax words in red, securities fraudThe Internal Revenue Service (“the Service”) released its latest roundup of the most pernicious tax fraud schemes of 2016 (in tax parlance, last year’s taxes are filed in 2017, therefore, the 2016 schemes are applicable now). Tax fraud is a persistent problem that taxpayers and the Service confront every year. Confronting and tax fraud is crucial because these scammers trick thousands of taxpayers every year into giving up personal information, such as social security numbers, and their tax refund. The scammers use “tax season” to sca...Read More

Protecting Elderly Loved Ones from Consumer Scams

Block & Landsman by Block & Landsman

A sign with No phone scams, security fraudWhile elder financial abuse is common, there are a number of strategies that loved ones can implement to prevent them from being victimized by consumer scams. Prevalence of Elder Financial Abuse Financial exploitation is the most common form of abuse in the elder population, but instances of elder abuse are widely underreported. According to the National Adult Protective Services Association, only one in 44 cases of elder financial exploitation are reported. Despite widespread knowledge of the problem, there are many more cases that are never...Read More