Monthly Archives: November 2022

ATTORNEY NEWSLETTER Over $2.7 Million Allegedly Stolen 12 Elderly Victims Facility Owners, Lawyer And Caseworker Sentenced Most of the financial elder abuse cases we write about involve one or possibly two financial predators, like a caregiver and a spouse or friend who assists them in the abuse.  Sometimes, however, a […]

ATTORNEY NEWSLETTER Two Former Therapists Blow Whistle Allegations Of False Upcoding And Unnecessary Services Realtors Will Share $1.3 Million Reward In Fiscal Year 2021, private citizens helped the government recover $1.6 billion in cases of fraud against the government.  The citizens, known as “relators,” brough the cases, referred to as “qui tam” […]

ATTORNEY NEWSLETTER Caregiver Allegedly Stole Two Books Of Elderly Couple’s Checks 55 Forged Checks More Than $139,000 And Jewelry Stolen Stolen checks and check forgeries are a common form of financial elder abuse. Forgery is a crime and when the victim is a senior, forgeries also constitute criminal financial elder […]

ATTORNEY NEWSLETTER Annuity Sales Commissions Are Significant Premium “Bonuses” Are Phantom Benefit Lengthy And Costly Surrender Periods Deferred annuities, like fixed indexed annuities, are long and complicated insurance contract under which an insurance company agrees to pay you income at regular intervals in the future in return for an upfront […]

ATTORNEY NEWSLETTER Powers Of Attorney Are Powerful Legal Instruments Potential For Abuse Always Exists Examples Of Power Of Attorney Misuse Powers of Attorney (POAs) are important and powerful legal documents that grant the agent appointed under the POA full legal authority to act for the principal who executes the POA.  […]

ATTORNEY NEWSLETTER Penalties On Withdrawals And Contract Fees Complex Interest Crediting Rules Risks Of Loss Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange from an income stream in years to come.  The principal sounds simple enough but in fact deferred annuities, like fixed […]

ATTORNEY NEWSLETTER 47 ATM Transactions In Single Month Dementia Sufferer Unaware She Had An ATM Card Caregiver Enters Guilty Plea Following Arrest ATM cards are a particular target for a dishonest caregiver or other stranger in an elderly person’s home.  If they can ascertain the PIN, the senior is really […]

ATTORNEY NEWSLETTER Former Vice President Blows Whistle On Alleged Kickbacks Allegations Of Illegal Kickbacks And Financial Incentives Realtor Will Receive $9 Million Reward Private citizen cases for fraud against the government are brought under the False Claims Act, 31 U.S.C. §§ 3729 et seq. (FCA).  The FCA allows individuals with […]

ATTORNEY NEWSLETTER Complex And Expensive Insurance Policies Deceptive Sales Practices High Commissions, Fees And Policy Expenses A deferred annuity is an insurance contract between you and an insurance company. You buy the annuity by making one or more premium payments to the insurance company. The insurance company promises to make […]

ATTORNEY NEWSLETTER SEC Claims Eight Years Of Fraudulent Transactions Broker Allegedly Stole $1,295,000 97-Year-Old Client Suffered From Dementia Statistics show that the older a senior citizen is the more vulnerable he or she becomes to financial elder abuse.  Particularly at risk are those seniors who suffer from any form of […]