Good morning. From a South Carolina boutique owner arrested for the 12th time to a Florida retiree blindsided by a hidden reverse mortgage lawsuit, today’s stories show how quickly financial situations can spiral. We also look at a TikToker mistakenly sent $8.7 million — and what happens if you spend money that isn’t yours. Let’s get into it.

NEWS

A Florida man allegedly posed as both a doctor and a relative to gain power of attorney over a 71-year-old nurse suffering cognitive impairment. Prosecutors say he used that authority to drain bank accounts and take control of her home. The case highlights a fast-growing form of elder fraud — and how families can protect themselves.

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ECONOMY

About one-fifth of the world’s oil supply passes through the Strait of Hormuz — a major chokepoint now under geopolitical strain. Analysts warn disruptions could push oil past $100 a barrel and drive gasoline toward $5 a gallon. Here’s what the conflict could mean for drivers — and how to lower your car costs.

NEWS

Pamela Brooke Schronce has been arrested 12 times since New Year’s Day — not over years, but in under two months. Authorities say the South Carolina boutique owner took payments for clothing that never arrived, leaving dozens of customers across nearly a dozen counties empty-handed. Investigators say the alleged scam followed the same pattern every time — and victims kept piling up.

TRIVIA

What percentage of Americans receive a tax refund each year?

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TRIVA ANSWER

72%. Roughly 7 in 10 taxpayers receive a refund, according to IRS data.

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