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New FINRA Report: $50 Billion Lost Yearly to Financial Fraud… Victims Suffer “Non-Traditional” Costs as Well as Direct Financial Losses
Samuels Yoelin Kantor LLP

March 30, 2015

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The FINRA Investor Education Foundation issued a new research report, “Non-Traditional Costs of Financial Fraud,” based on a survey of 600 self-reported fraud victims. The survey details the emotional tolls and indirect costs (bounced checks, lost wages, lost opportunities, bankruptcy filings) that may come from losing money in a fraud. Victims who lost the greater…

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