Steven Long, 59, from Kesgrave, was sentenced to eight years and four months in prison for orchestrating a £11.5m fraud scheme targeting elderly victims in Suffolk and surrounding areas. The scam, operated through Universal Wealth Preservation (UWP), involved deceiving seniors into transferring their property to the firm under false promises of asset protection. Victims like Donald Matthews and Paul Matthews lost hundreds of thousands of pounds when their homes were sold without proceeds reaching them. Long used leaflets, luxury seminars, and personal visits to build trust, later diverting funds to fund his lavish lifestyle. His associate Raymond Simpson was also jailed for five and a half years. The case highlights how fraudsters exploit fears of care home costs and inheritance, with victims left feeling guilty and financially devastated. Legal action revealed 115 victims across England, with some still missing substantial sums. Judge Gregory Perrins condemned Long's abuse of trust, emphasizing the emotional toll on vulnerable individuals.

Legislation establishing a Funeral Services Compensation Account and a working group to study prepaid contracts and consumer protections passed the House after bipartisan support; bill aims to reimburse victims of fraudulent prepaid funeral contracts and to design stronger oversight.

Indian student Vedantkumar Patel was arrested in Michigan for duping an elderly couple of $50,000. The University of Toledo student faces FBI investigation, ICE detainer, and multiple fraud charges in...

[Alabama Securities Commission] ASC, CFTC, and 29 State Regulators Reach Settlement with Safeguard Metals in $68 Million Fraud Targeting Elderly Adults

In $9.3 Million Senior Citizen Scam, 2 To Be Deported To India, Others Get Jail.