The Financial Fraud Research Center is a joint project of the Stanford Center on Longevity and the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation.
In 2009, an expert group of practitioners, policy-makers, and researchers gathered at the Stanford Center on Longevity to discuss this growing problem of financial fraud. Against the background of a rapidly aging population and the increasing vulnerability of trillions of dollars, the group identified three urgent initiatives necessary to further fraud prevention:
- Consolidating information
- Connecting research to policy
- Providing funding
The Center serves as a hub in the fight against financial fraud — a crime claiming billions of dollars each year. As technology’s expansion extends fraud’s reach, research must keep pace for the success of detection and prevention efforts. Its particular focus is individual financial fraud—particularly fraud achieved using deception. This includes crimes such as lottery fraud, investment scams, and online phishing schemes.
Website: Financial Fraud Research Center
