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The Rise of the Predator Class: Systemic Elder/Guardianship Abuse by Professional Predators

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By: Don Bowman
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Question:
Are guardians, professionals in the legal system, and influential people in the political system stealing from wards (elderly and disabled individuals who have been placed in guardianships) and laundering the money through shell companies? Specifically, can shell companies be found by examining the April Lynn Parks court case and/or IKOR? In addition, is there a connection between the two? This document presents raw data about court-appointed guardian Parks and IKOR, an elder services franchise. Criminal wrongdoing in individual guardianship abuse cases is known. The criminal network, that runs from county courts and county Area Agencies on Aging (Adult Protective Services)
to high-level government offices, is not known. Shell companies may be one piece of the puzzle.
Facts About Shell Companies:
A shell corporation is a company with financial assets but no significant business activity.
Shell corporations don’t create products, hire employees, or generate revenue.  Rather, they store money and engage in financial transactions.  Shell corporations can be used for illegal purposes like money laundering or legitimate purposes like storing funds in the early stages of a startup. According to the research group Global Financial Integrity, the U.S. is the second easiest country to create a shell corporation in. Delaware, Nevada, and Wyoming are the most popular states for creating a shell company due to lax incorporation requirements and strict privacy laws.  Storing personal assets in a shell company makes sense for people with a large amount of wealth from investments.
The Panama Papers implicated a number of government officials and public figures in crimes ranging from tax evasion to money laundering. The investigation, which exposed the rogue offshore finance industry, showed that owners of shell companies can hide their identities from United States authorities This constitutes a “significant loophole” in the country’s ability to tackle money laundering and illicit financing. The Panama Papers may offer clues about how money is laundered after it is illegally obtained through guardianship scams.
Facts about Systemic Elder Abuse/Guardianship Abuse:

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The Problem With Patents (Infographic)

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Source: http://frugaldad.com

There’s no question that software and technology represent some of the fastest growing industries today. The internet has fundamentally changed the way we interact, do business, and spend money—without it, Frugaldad wouldn’t exist. That said, I always try and keep abreast of what’s happening in these sectors, and to be aware of how the online and tech industry makes its money.

I recently listened to an episode of This American Life called “When Patents Attack!”. Something that surprised me while listening was that while I think of patents as being mostly for gadgets and the kinds of products you see on infomercials, patents have become a huge factor in the software and online industries, to the tune of billions of dollars.

This infographic discusses some of the facts behind the patent industry and how it’s changed as software, technology, and the internet have developed at an incredible pace. I find the information to say a lot about the state of development and innovation; both how important it can be to everyday life, and the problems it can face on a larger scale. More

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