10/02/2026
🚨🚔👮🏼My job is to protect clients from folks like this 👇🏼. Help your parents 🧑🏼🦳👵🏿👴🏼age in place safely online. There are some excellent tips in this Forbes article.
❌ “Cao specifically targeted elderly customers of the bank between the ages of 90 and 103 who had not enrolled in online banking. To hide his crimes, he used an offshore service to set up email addresses in the names of more than 100 of the bank’s elderly customers and then used those emails to enroll them in online banking. He then leveraged his position at the bank to have their bank statements and other bank notifications sent to the bogus email accounts he created. Once he had access to his victims’ accounts, he transferred their funds to his own bank and credit card accounts as well as setting up brokerage accounts in the names of his victims where he used their money for options trading.”
Yue Cao used his access as a bank employee to steal from elderly customers. Learn how his insider fraud worked and how seniors can protect their bank accounts.