Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Cheating Elderly Investors A Rash of Ponzi Schemes Targeting Seniors While the Securities and Exchange Commission (SEC) continues to make protecting seniors a priority, many still fall victim to Ponzi schemes and other financial fraud. Crooked insurance agents, retirement planners, and financial advisors cheat the elderly out of […]

ATTORNEY NEWSLETTER Court-Appointed Fiduciaries Wield Great Power What Can Go Wrong And Potential For Abuse Of Power Court-appointed conservators and other fiduciaries (such as guardians or trustees) wield enormous power over the dependent individuals and properties they are appointed to manage and protect. Court appointments supersede earlier Powers of Attorney, […]

ATTORNEY NEWSLETTER Beware The Fine Print In The Details: Caps, Spreads, Fees and Surrender Charges Devour Your Money Our litigators often explain in our blogs why we think deferred annuities are not a good investment, particularly for seniors. Deferred annuities come in three forms:  fixed rate, fixed-indexed rate, and variable […]

ATTORNEY NEWSLETTER World Elder Abuse Awareness Day 2019 Lifting Up Voices For The Elderly Today, June 15, is World Elder Abuse Awareness Day. Each year, World Elder Abuse Awareness Day reminds us of the shared values of elder justice and improving quality of life for older people around the globe.   […]

ATTORNEY NEWSLETTER Caregivers and Financial Elder Abuse Comic Book Legend Stan Lee’s Caregiver Arrested for Theft and Elder Abuse Failing seniors are always at risk of financial exploitation and abuse by all kinds of abusers, including especially caregivers with the most proximity to their victims. Last week[1], in a case […]

ATTORNEY NEWSLETTER California Civil and Criminal Laws Protect The Elderly Perpetrators May Be Subject To Civil And Criminal Liability California has statutes making elder abuse subject to criminal and civil liability. Essentially, the statutes forbid not only the lack of care but also the financial, physical or mental abuse of […]

ATTORNEY NEWSLETTER FINRA Fines Advisor For Misrepresentations Annuities and Retirement Plan Misrepresentations The Financial Industry Regulatory Authority (FINRA) polices investment advisory firms and other member financial organizations in their dealings with consumers. FINRA regulates individual advisors and also the supervision they’re under by their employers to ensure honesty with clients […]

ATTORNEY NEWSLETTER Cheating Elderly Investors A Rash of Ponzi Schemes Targeting Seniors Radio Show Host Arrested In $19.6 Million Ponzi Scheme In the latest of a rash of Ponzi schemes victimizing seniors,[1] a former financial advisor, Christian radio host and author has been arrested and charged with bilking at least […]

ATTORNEY NEWSLETTER Agents Always Get Paid How Commissions May Be Hidden Our litigators often explain in our blogs why we think annuities are not a good investment for seniors. Annuities are complex, hold your money hostage to withdrawal penalties, and charge high commissions and fees, among other downsides.  Fees and […]

ATTORNEY NEWSLETTER Caregivers and Financial Elder Abuse Keep Checks, Credit and ATM Cards, Valuables and Important Papers in a Safe Place Caregiver Arrested for Writing Checks to Herself In-home caregivers have access to a senior’s identity, valuables, credit cards, bank accounts and important papers unless you keep them out of […]