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Ron Strobel can still remember the panic in his client’s voice. Six years ago, an elderly investor called Strobel’s brokerage to say he’d just been scammed.
“He was distraught,” recalled Strobel, a financial planner who today runs the firm Retire Sensibly in Meridian, Idaho. “It’s bad enough to have your identity stolen, but I can’t imagine watching it happen before your eyes and feeling helpless to stop it.”
Nathan Place is a national reporter at American Banker. A native of New York City, he has worked for more than a decade in both print and video journalism. He got his start in Beijing, where he … Read full bio
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