The Whistleblower blog was started in 2008. Look for posts by these contributors: James Eli Shiffer, Jane Friedmann, Brandon Stahl, Eric Roper and Alejandra Matos. | Check out the Whistleblower archive.

Find us on Facebook and Twitter. Find our watchdog and investigative work at The Investigators.

The Star Tribune's journalists need your help blowing the whistle in Minnesota. Contact us here.

CPAs urged to identify fraud against seniors

Posted by: Alejandra Matos Updated: February 18, 2014 - 1:30 PM

Minnesota’s 9,600 Certified Public Accountants were urged Tuesday to help identify senior financial abuse as they help elders prepare their tax returns.

Commissioner Mike Rothman of the Minnesota Department of Commerce sent a letter to the state’s CPAs identifying signs of financial abuse. They include substantial changes in income, exotic investment, missing or incomplete documentation and financial gifts.

The department cited a study conducted by the Investor Protection Trust that showed one out of every five citizens over the age of 65 has fallen victim to a financial swindle costing American seniors $2.5 billion per year.

  • 1
  • Comments

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT