Financial betrayal encompasses illicit activities where trust is violated for monetary gain. This includes fraud, embezzlement, insider trading, and investment...
Financial betrayal involves a breach of trust where one party abuses their position or relationship to illicitly gain from another's assets, often through fraud, embezzlement, or misrepresentation.
Common forms include investment scams, elder financial abuse, embezzlement, identity theft, breach of fiduciary duty, and various forms of corporate or personal fraud.
Protection involves due diligence, verifying credentials, diversifying investments, monitoring accounts regularly, seeking independent financial advice, and being wary of unsolicited offers or high-pressure tactics.
Victims can pursue civil lawsuits for damages, report crimes to law enforcement agencies, and contact regulatory bodies like the SEC, FTC, or state attorney general's office for investigation and enforcement actions.