Monthly Archives: October 2022

ATTORNEY NEWSLETTER Broker Pleads Guilty To Writing Checks To Himself Opened Credit Cards In Senior’s Name Five-Years Probation And Full Restitution Ordered Financial advisors and stockbrokers are potential financial predators of senior citizens.  While financial exploitation seems most often to occur when a “new” broker or advisor targets an elderly […]

ATTORNEY NEWSLETTER Alleged Misuse Of Power Of Attorney Victim Recent Widow And Dementia Sufferer Allegedly Took $450,000 From Victim Recently widowed seniors are especially vulnerable to financial elder abuse by all manner of financial predators.  If the recently widowed senior also suffers from dementia, the risk is even greater.  Financial […]

ATTORNEY NEWSLETTER Caregiver Sentenced To 51 Months In Prison Other Examples Of Financial Elder Abuse Protecting Older Loved Ones From Financial Abuse Financial abuse of elders and dependent adults is a widespread and growing plague in America and the potential financial predators seem to be everywhere – caregivers, insurance agents, […]

ATTORNEY NEWSLETTER Now Deceased Victim Lived In Care Facility Money Spent On Vacations And Personal Expenses Of Agent Care Facility Bills Unpaid At Victim’s Death The potential for abuse of a Power of Attorney (POA) is always present because the Attorney-in-Fact’s authority extends to almost every form of financial and […]

ATTORNEY NEWSLETTER Elderly Person Claims Attorney-in-Fact Misused POA Principal Seeks $891,000 In Damages Wants Title To Home Restored Powers of attorney (POAs) are significant legal instruments which grant appointed agents full legal authority to act for the principal who executes the POA.  The person appointed under the POA is called […]

ATTORNEY NEWSLETTER SEC Penalizes Firm $500,000 Alleged Lack Of Supervision And Compliance Failures Broker Stole From 98 And 86-Year-Old Clients Investment firms have a responsibility for supervising brokers and advisors for securities law compliance and also for potential financial elder abuse of older clients.  A recent fine imposed by the […]

ATTORNEY NEWSLETTER Accused of Befriending Elder Customer To Exploit Him Financially Alleged Efforts To Defraud Man Out of Hundreds Of Thousands Third-Party Investigation Continuing We often write about how seniors may be financially exploited from all kinds of persons – caregivers, insurance agents, stockbrokers, financial advisors, trustees, persons with power […]

ATTORNEY NEWSLETTER Connecticut Jury Awards Families $965 Million On Wednesday, a Connecticut jury ordered conspiracy theorist and Infowars radio host Alex Jones and the parent company of his Infowars website to pay nearly $1 billion to eight families of children shot to death at Sandy Hook Elementary School in December […]

ATTORNEY NEWSLETTER Former Marketing Employee Beings Case Alleged Kickbacks To Hospitals And Physicians Whistleblower To Receive $11 Million From Settlement Federal law authorizes private citizens to bring suits against businesses defrauding the government. False Claims Act, (“FCA”), 31 U.S.C. § 3729 et seq.  Every year in this country, individuals bring […]

ATTORNEY NEWSLETTER Accused Of Misappropriating Millions Seniors Among Victims Money Allegedly Spent At Porsche Dealership And On Rent With inflation surging, retired Americans are understandably concerned about how their fixed incomes will cover future expenses. Dishonest financial advisors and brokers capitalize on this anxiety to offer investment “opportunities” paying higher […]