Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Unlicensed Caregiver Was “Friend” Of Senior Ran Errands With Senior’s Credit Card $15,000 In Unauthorized Charges Alleged Isolated seniors are the most vulnerable to financial abuse because they have no one to watch over their accounts and help them keep track of their money.  Sometimes olde “friend” or […]

ATTORNEY NEWSLETTER Victim’s Son Contacted Police With Suspicions Suspect Charged With 299 Felonies Purchased Items Shipped To Caregiver’s Address Any wrongful taking of a senior’s property, or any assistance in that taking, constitutes financial elder abuse.  “Takings” range from outright theft of cash, theft by check forgery or altered checks, […]

ATTORNEY NEWSLETTER Elder Abuse Takes Many Forms What To Look For Keeping Older Loved Ones Safe The National Council on Aging says up to five million older Americans are abused yearly, and the annual loss by victims of financial elder abuse is estimated to be at least $36.5 billion. Elder abuse can […]

ATTORNEY NEWSLETTER 88-Year-Old Victim Of Alleged Fraud Accusations of Forged Checks And Unauthorized Card Use Witnesses Believe There May Be Additional Victims We cannot emphasize strongly enough how important it is to keep checks, ATM/Debit cards, and cash away from caregivers or other strangers who enter a senior’s home.  Nor […]

ATTORNEY NEWSLETTER Unauthorized Use Of Senior’s Bank Card Accused Of 130 Fraudulent Purchases $25,000 In Charges In Four Months Unauthorized card purchases and ATM withdrawals are prevalent forms of such abuse. Dishonest caregivers and others who access a senior’s cards and PIN (or create a PIN through phone or online […]

ATTORNEY NEWSLETTER How Dishonest Caregivers Steal From Seniors Unauthorized Purchases, Forged Checks, And More Case Example Forged checks, stolen cash and valuables, unauthorized use of credit and debit cards, and fraudulently obtained Powers of Attorney or other estate planning instruments are all forms of financial elder abuse of the elderly.  […]

ATTORNEY NEWSLETTER In-Home Caregiver Arrested Accused Of Falsifying Checks Police Say $35,000 Missing From Victim’s Accounts The consequences of financial elder abuse on senior victims can be devastating.  While financial elder abuse by a dishonest caregiver or other person with access to a senior’s finances may start out relatively small, […]

ATTORNEY NEWSLETTER Deferred Annuities Are Not Good Choices For Seniors Exiting Deferred Annuities Is Costly Fees, Participation Rates And Caps Diminish Returns Whenever a life insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed […]

ATTORNEY NEWSLETTER Saw Elderly Man’s PIN at Grocery Store Victim Reported Large Sum Missing From Bank Account ATM and CashApp Transactions And Amazon Purchases A recently reported case, discussed below, illustrates what can happen when a dishonest caregiver discovers an older person’s debit/ATM card PIN.  We often write about unauthorized […]

ATTORNEY NEWSLETTER Six Felony Counts Brought Against Former Caregiver 77-Year-Old Disabled Victim Credit Cards Allegedly Used For Rent, Jewelry And Car Downpayment Unauthorized use of credit cards is a common type of fraud perpetrated on seniors by dishonest caregivers or other strangers with access to a senior’s cards.  Dishonest caregivers […]