Yearly Archives: 2015

ATTORNEY NEWSLETTER Annuities are not always a suitable investment for the elderly, and they should educate themselves in order to avoid making a bad investment. Senior citizens hold two-thirds of the wealth in this country and the elderly population is increasing. As a result, elder financial fraud is growing as […]

ATTORNEY NEWSLETTER The American Association of Retired Persons (AARP) gives tools and advice for people to protect their retired parents against fraud and scammers. The growing elderly population loses billions per year as a result of fraud. Senior citizens are more likely to be defrauded than other age groups. It […]

ATTORNEY NEWSLETTER True Link Financial, a California-based company that provides assistance and tools to seniors and their families to prevent elder abuse, released a 2015 report estimating that financial elder abuse costs senior citizens $36.48 billion per year. The report found that “criminal fraud” such as telephone scams, identity theft, […]

ATTORNEY NEWSLETTER Several recent high-profile stories show that elder abuse between family members is a current and widespread issue, according to San Francisco physical elder abuse lawyers. According to the National Institute of Justice, one in ten seniors would be a victim of abuse every year. Caregiving can become a […]

ATTORNEY NEWSLETTER Affinity fraud is a type of investment scam that targets members of certain groups, such as religious or ethnic communities, or the elderly. It usually involves a fake investment, or an investment where the scammer has left out important details. According to San Francisco consumer fraud attorneys, affinity […]

Instances of elder abuse, both physical and financial, usually go unreported because the victims think no one will believe them or that they have no one to turn to with their evidence. If an older man is living in a nursing home and is physically abused through beatings, lack of […]

ATTORNEY NEWSLETTER LIMRA Secure Retirement Institute has released its individual annuity company ranking list for 2014, The ranking list reveals some trends, including strong competition among carriers in the fixed annuity sector. According to the data from LIMRA Secure Retirement Institute, Jackson National was the overall winner for combined selling […]

ATTORNEY NEWSLETTER Since the inception of the Securities and Exchange Commission’s whistleblower program when the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in 2010, the SEC has done what it takes to make the program successful. In addition to awarding payments of over $50 million […]

ATTORNEY NEWSLETTER As cases of financial elder abuse increase, more financial firms are requiring elderly customers to submit forms with emergency contact information. California financial elder abuse attorneys say that financial advisors and brokers can be in a unique position to detect financial abuse or fraud, as well as issues […]

ATTORNEY NEWSLETTER Nursing home network Hebrew Homes agreed to pay $17 million to settle a False Claims Act suit brought by their former CFO. According to the CFO, Hebrew Homes allegedly violated the Anti-Kickback Statute, which prohibits the exchange (or offer to exchange), of anything of value, in an effort […]