Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Getting Your Money Back Is Expensive Interest Crediting Rules Unlike For Mutual Funds Contracts Carry Fees Seniors are often targeted by insurance agents with proposals for deferred annuities. Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange for an income stream in […]

ATTORNEY NEWSLETTER Ponzi Scheme Targeting Mostly Older Customers Lost Savings And Homes At Risk Of Foreclosure Decades-Long Ponzi Scheme Seniors are often targets of Ponzi schemes, where money collected from new investors is used to pay existing investors, and there really is no actual investment of funds. Like the infamous […]

ATTORNEY NEWSLETTER Online Bank Transfers From Victim’s Account Police Say Victim Abandoned For Hours Victim Found Wandering Far From Home No one should ever let a stranger in their home.  Particularly if you are an older person living alone.  If you need in-home help, thoroughly vet the individual before he […]

ATTORNEY NEWSLETTER Theft By Powers Of Attorney Case Example Of Theft Prison Sentence And Restitution To Victim’s Heirs Powers of attorney are incredibly powerful legal instruments. The scope of the appointed attorney-in-fact’s powers is set by law and, unless specifically limited, extends to almost every form of financial transaction. See […]

ATTORNEY NEWSLETTER Forged Or Altered Checks Alleged Unlicensed Caregiver With Prior Criminal History Acts Of Financial Abuse Alleged Even After Death Of Seniors Financial elder abuse is a tragic and enormous problem in this country.  Older persons lose more than $3 billion annually as a result of financial elder abuse, […]

ATTORNEY NEWSLETTER 92-Year-Old Victim Caregiver Accused Of Unauthorized ATM Withdrawals Unauthorized Credit Card Purchases Also Alleged Unauthorized ATM withdrawals and credit card purchases by a dishonest caregiver on an older person’s credit or debit card is a very common form of financial elder abuse.  Sometimes the senior herself catches the […]

ATTORNEY NEWSLETTER The Increasing Epidemic Of Financial Elder Abuse  How To Spot Financial Elder Abuse Financial elder abuse is an especially disastrous form of abuse of seniors, and millions of seniors are victims of financial elder abuse every year in this country.  Reported cases are on the rise all over […]

ATTORNEY NEWSLETTER Forms Of Elder Abuse Signs Of Neglect And Abuse Protecting Older Loved Ones 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. (That number could in […]

ATTORNEY NEWSLETTER Alleged Check Forgeries Victim’s Checking Account Overdrawn Unauthorized Debit Card Charges By Caregiver Alleged Never hand an ATM/debit card or credit card to a caregiver and ask them to go get cash or make purchases.  Never give out any PIN numbers. Never give a caregiver or other person […]

ATTORNEY NEWSLETTER Over $8000 In Unauthorized Credit Card Purchases Accused Of Stealing Victim’s Confidential Information Purchased Articles Seized Unauthorized purchases by a dishonest caregiver on an older person’s credit or debit card is a very common form of financial elder abuse.  Sometimes the senior herself catches the fraudulent charges quickly […]