ATTORNEY NEWSLETTER Long-Term Insurance Policies  Pressure Sales Tactics High Commissions, Hidden Fees And Surrender Penalties  All deferred annuities are complicated and risky, indexed annuities are particularly complex and full of risk.  These complications and risks are especially dangerous for seniors; if a policyholder needs his or her money back for […]

ATTORNEY NEWSLETTER Insurance Agent Charged With Insurance Fraud And Financial Elder Abuse Thirty-Two Victims Including Many Seniors Fraudulent Documents Allegedly Covered Up Fraud Financial elder abuse strikes seniors from many quarters, and insurance agents are among those who can swindle seniors out of money.  Agents may exploit older consumers by […]

ATTORNEY NEWSLETTER Allegations of Illegal Kickbacks in Sales of Cancer Drug Allegations Of Falsified Eligibility Records And Pressure To Cover Patient Co-Pays $3.59 Million As Reward For Former Executive The government, and private individuals suing on behalf of the government, rely on a number of statutes to combat fraud within […]

ATTORNEY NEWSLETTER Seniors Targeted For Theft Of Cash And Credit Cards  Caregivers And Others With Access Unauthorized Purchases And Theft Of Cash Seniors are the most vulnerable segment of our population to risk of theft or financial exploitation.  Theft and abuse range from theft of relatively small amounts of cash […]

ATTORNEY NEWSLETTER Disadvantages of Deferred Annuities High Pressure Sales And Other Questionable Practices Replacements And Exchanges Particularly Disadvantageous Deferred annuities present real, potential problems for seniors through contract costs and especially the surrender penalties incurred when the policyholder wants to take his or her money out. When selling annuities to […]

ATTORNEY NEWSLETTER CFTC Charges Individual And Firm With Precious Metals Fraud Gold And Silver Scams Often Target Older Investors Financial Elder Abuse And Whistleblower Cases Precious metal dealers entice investors by promising to fulfill orders for silver or gold and actually deliver the metals to the investors.  Often the promised […]

ATTORNEY NEWSLETTER Elder Abuse Takes Many Forms Physical, Emotional, Sexual, Financial Or Harmful Neglect Massive Increase In Reports of Abuse During Pandemic We have seen a massive increase in the incidents of elder abuse of all kinds, especially financial elder abuse, during the pandemic.  According to the National Center on […]

ATTORNEY NEWSLETTER Registered Broker Admits Stealing From 73-Year-Old Client Allegedly Convinced Client To Open Joint Account Unauthorized Withdrawals Over Two-Year Period Fraud against older investors by their financial advisors and brokers has become an all too frequent occurrence in recent years.  Unscrupulous advisors use an older client’s memory problems, loss […]

ATTORNEY NEWSLETTER World Elder Abuse Awareness Day 2021 Staying In Touch More Important Than Ever Post-Pandemic Steps For Protecting Seniors Today, June 15, is World Elder Abuse Awareness Day.  World Elder Abuse Awareness Day (WEAAD) was launched on June 15, 2006 by the International Network for the Prevention of Elder […]

ATTORNEY NEWSLETTER Understand How Complex Deferred Annuities Are Fixed Indexed Annuities Are Particularly Complex Avoid Suggestions To Replace Existing Annuities Sales of any kind of insurance product generate commissions for insurance agents.  Deferred annuities generate commissions as high as 10% so they are a favorite insurance product for agents to […]