Financial Crime and Elder Abuse: Detective to Forensic Accountant

Understanding Financial Fraud and Protecting the Vulnerable: Paul Smith's Expertise

In this episode, Luca, the founder of The Live In Care Company, interviews Paul Smith, a retired police officer and Specialist Forensic Accountant. Paul shares his extensive experience in handling major crimes, particularly focusing on financial fraud against vulnerable individuals. He discusses common scenarios such as fraudulent wills, early inheritance syndromes, and the tactics used by fraudsters. Paul also provides practical advice for families on preventing such frauds, including the use of Operation Signature, specialised software, and maintaining vigilance over unusual financial transactions. Additionally, he touches on the legislative efforts and challenges in combating elder abuse and financial fraud. This episode is a must-watch for anyone looking to protect their loved ones from financial exploitation.

01:40 Transition from Police to Private Sector
01:54 Examples of Fraud Cases
05:08 Preventing Fraud Against Vulnerable Individuals
05:56 Operation Signature and Protective Measures
07:25 Common Fraud Tactics and Scenarios
10:44 Email and Postal Scams
13:10 Face-to-Face Scams and Trading Standards
14:32 Monitoring and Protecting Vulnerable Individuals
18:04 Legislation and Government Efforts
22:22 Challenges in Addressing Fraud

#fraud #finances #elderfraud

Are you worried about a loved one? Find out more here 👉🏽 www.theliveincarecompany.co.uk

Paul Smith Consultancy Services 👉🏽 www.paulsmithconsultancy.com