> She’d later come to believe he had millions in the bank.
> Over the following six months, Evelyn emptied her 401(k) to loan Wilson $204,000.
I don't know what you do with such people. "He" appealed to her in part by pretending to be rich and then asked her to cash out her life's savings.
She is obviously the victim, but the only way to protect people like her from this kind of thing would be to have a guardian appointed over their finances.
Financial institutions could do a lot to mitigate the problem by putting temporary holds on unusual transactions and reaching out to their customers with educational material on common scams.
> Over the following six months, Evelyn emptied her 401(k) to loan Wilson $204,000.
I don't know what you do with such people. "He" appealed to her in part by pretending to be rich and then asked her to cash out her life's savings.
She is obviously the victim, but the only way to protect people like her from this kind of thing would be to have a guardian appointed over their finances.