ATTORNEY NEWSLETTER Financial Advisor Allegedly Stole From 73-Year-Old Client Advisor Made 60 Transfers From Client’s Account Defendant Cultivated Personal Relationship With Client Senior citizens are at risk from financial elder abuse from caregivers, strangers, and those who have direct access to their money like financial advisors or persons acting under […]

ATTORNEY NEWSLETTER 2022 Martin Luther King Holiday Using The Holiday To Help Seniors Building The Beloved Community           Our ultimate end must be the creation of the beloved community.             — The Rev. Dr. Martin Luther King Jr., April 15, 1960, in Raleigh, North Carolina The Martin Luther King Jr. […]

ATTORNEY NEWSLETTER Unsuitable Deferred Annuities For Seniors High-Pressure Sales Tactics Warning Signs For Consumers Annuity carriers pay commissions as high as 10 percent to insurance agents when they sell deferred annuities.  Agents in turn target seniors with these sales; sometime the pitch may be to convince a senior consumer to […]

ATTORNEY NEWSLETTER Forged Checks Off Patient’s Account Theft Of Firearms And Other Charges Bank Reported Suspicious Checks Unscrupulous caregivers who prey on seniors many times strike more than one victim.  If a greedy caregiver gets away with stealing from one patient, he or she is likely to steal from the […]

ATTORNEY NEWSLETTER Allegations Of Unauthorized Prescriptions Allegedly Misleading Statements Of Drug’s Effectiveness Former Employee Whistleblower Will Receive $200,000 Reward Health care fraud costs taxpayers billions of dollars every year.  Much of that fraud comes under the government’s Medicare and Medicaid (Medi-Cal in California programs, including payments for medications that are […]

ATTORNEY NEWSLETTER  Agents Target Seniors For Sales Of Deferred Annuities  Disadvantages For Seniors Beware Of Recommendations To Switch Contracts Insurance agents target seniors for sales of deferred annuities but these insurance products are especially complex.  Deferred annuities can run from 50 to over 100 pages long with endorsements (called riders) […]

ATTORNEY NEWSLETTER Caregiver Took Over Victim’s Checking Account Allegedly Stole $250,000 From Senior Bank Notified Police Of Suspicious Activity In Account Unscrupulous caregivers are capable of devising intricate schemes to take money from their elderly patients.  In one case, discussed below, a licensed social worker acted as a caregiver and […]

ATTORNEY NEWSLETTER Changes To IRS Whistleblower Program Targeting Off-Shore Tax Avoidance Rewards Increasing  The Internal Revenue Service (IRS) rewards people who blow the whistle on corporations and individuals who fail to pay the tax that they owe.  I.R.C. § 7623(b).  The award percentage depends on several factors, but generally falls […]

ATTORNEY NEWSLETTER Elderly Client In Assisted Care Facility Financial Advisor Pled Guilty To Financial Elder Abuse Victim Nearly Evicted For Unpaid Bills Financial Powers of Attorney (POAs) grant the agent acting under them broad powers over a principal’s financial affairs.  See Cal. Prob. Code §§ 4401 (financial POA).  The agent […]

ATTORNEY NEWSLETTER Withdrawals From 92-Year-Old Victim’s Account Forged Checks Totaling $137,000 Another Caregiver Helps Victim Discover Thefts Financial elder abuse of a senior may include unauthorized use of credit and debit cards and ATMs and forged checks.  Whenever a caregiver or other stranger is in a senior’s home these are […]