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Retirement Plan › 401k › Theft

Haynsworth Sinkler Boyd, P.A.

Can employers face liability when a cyber-attacker steals funds from an employee's individual 401(k) account?

Haynsworth Sinkler Boyd, P.A. on

Retirement plans face increased risks for cyber-attacks resulting in theft of plan assets. Few entities can keep up with the pace set by cyber-criminals for theft from accounts, and security requirements for industries...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Crypto theft is another strike against Bitcoin 401(k)

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

While technology makes it easier for bad actors to steal the retirement assets of plan participants, it’s far easier to steal from 401(k) plans with crypto investments. 401(k) plans that have Bitcoin investments would have a...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

That Estee Lauder 401(k) case is troubling

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

I worked at a third-party administration (TPA) where one of our administrators tried to steal money from a participant’s account and transfer it to his Individual Retirement Account (IRA),. The only reason he got caught...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

401(k) Plan Sponsor Steals Assets To Support Country Club Life

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

One of my favorite lines from Seinfeld is when George Costanza gets a job where Elaine works at Pendant Publishing. He’s fired for having sex in the office with the cleaning woman. George pardons ignorance, asking whether it...more

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