Legal Recourse

December 29, 2011

Biz News SOPA Boycott Of Businesses Goes Viral Targets Congress And Business Alike

Filed under: Auto Accident Lawyer — Lawyer @ 3:35 pm

Story First Found On http://www.mrcrow.com (Viral News Site)

In what may well be a first, both the Occupy Wall Street and Tea Party seem to back the latest boycott of business who support a new set of laws called SOPA. The two groups see this as the prime example of the clear conflict of interest congressional leaders have when they take money from business they are suppose to regulate.

Del Hagen an online political pundent says ” This is a very bad situation and not a good turn of events. The message seems to be very simple. Congress has completely lost the trust of the American people making economic recover very difficult at best. Until such time as a new law or even a constitutional amendment is established which regulates the behavior of congress members we see the United States continuing on its down word spiral. You can’t on one hand have congress men and women taking huge sums of money from the same business they are suppose to regulate and expect them to be unbiased. SOPA is just another example of a complete lack of understanding of the American People”

“The reason Americans are now starting to target businesses instead of congress is they feel hopeless when it comes to congress.”

“With Congressional approval at a historic low manly as a result of ramped legalized insider trading and lobbying money “Nod Nod – Wink Wink” from business they are supposed to regulate. We have come the conclusion that the corruption is so entrenched and so ramped that the current US government structure is beyond repair though traditional means. “Thus the 9% favor ability rating for congress” Basically everyone but congress knows the current US system of paying to get laws passed is not working – sorry guys. ” Said An Organizer

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News25 Financial Fraud Against Older Americans Peaks this Holiday Season

Filed under: Car Accident Lawyers — Lawyer @ 3:00 pm

If this year is anything like last, baby boomers and older Americans should be on guard this holiday season. Instances of financial abuse and fraud against the elderly increased from November 2010 to January 2011, according to a recent report from MetLife, which found overall investment fraud targeted towards older Americans is on the rise.

Americans over the age of 65 lost nearly $3 billion to financial abuse from April to June 2010, up 12% from the same period in 2008, according to the report. During that time, 51% of the fraud cases reported were perpetrated by strangers, 34% by family, friends and neighbors and 12% by businesses.

But in a separate look at the holidays, MetLife reports fraud by family and friends increased to 45%.

With the baby boomer generation reaching retirement age and comprising 25% of the U.S. population, financial investment fraud is becoming a bigger and more problematic issue facing the country.

The North American Securities Administrators Association found the number of criminal complaints and enforcement actions at the state level against investors 50 years or older more than doubled in 2010 from 2009, reports The Wall Street Journal. And state security officials expected the number of enforcements actions for fraud against that same age group to hit a record this year.

Not only are the boomers older and more vulnerable, but “they tend to have more assets that they tend to rely on to live out through retirement years,” says Raj Date, Special Advisor to the Secretary of the Treasury and acting head of the Consumer Financial Protection Bureau. This combo makes them a more “attractive pray for would be scammers.”

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