Category: California Financial Elder Abuse Attorney

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 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 […]

ATTORNEY NEWSLETTER Schemes Undetected For Years  False Cover-Ups To Hide Abuse Forged Checks And Unauthorized Credit Card Use Whenever another person is in charge of someone else’s money there’s a risk of theft.  This is especially true for older persons who entrust someone else to handle their finances. Given the […]

ATTORNEY NEWSLETTER Wrote Victims’ Checks To Herself Zelle Transfers To Her Own Account Online Payments For Caregiver And Husband Often a dishonest caregiver with access to a senior’s cash or bank accounts steals in relatively small amounts.  If the caregiver believes he or she is getting away with their theft, […]

ATTORNEY NEWSLETTER Indexed Annuity Downsides Surrender/Withdrawal Penalties, Commissions And Fees Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggest an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Evans Law Firm, Inc. generally recommends against deferred annuities for […]

ATTORNEY NEWSLETTER Forms Of Elder Abuse  Signs Of Neglect And Abuse Protecting Older Loved Ones From Abuse And Neglect The most common types of abuse are physical, emotional, financial, and verbal. The National Council on Aging says up to five million older Americans are abused yearly, and the annual loss by victims […]

ATTORNEY NEWSLETTER Allegedly Improper Money Transfers And Credit Card Use Allegedly Used POA to Write Checks To Himself  Elderly Victims Left With No Money In Account Powers of attorney (POAs) grant the agents appointed under them full legal authority to act for the principal who executes the POA.  The person […]

ATTORNEY NEWSLETTER Owner/Operator Sentenced To Seven Years In Prison 51 Counts Of Financial Exploitation Of Disabled Person Residents Deprived Of Food And Care Financial abuse of elder and dependent adults often goes hand in hand with neglect of those victims as well.  This is often because the in-home caregiver or […]

ATTORNEY NEWSLETTER Allegedly Stole $9.3 Million In Ponzi Scheme Many Seniors Among Victims Many Lost Life Savings Dishonest investment promoters and financial advisors often pitch fraudulent investment schemes to older investors in particular with supposed “opportunities” promising high returns.  In presenting their investment “opportunities,” such greedy advisors may seize on […]