Category: Elder Financial Abuse

ATTORNEY NEWSLETTER 89-year-Old Victim Man Used Forged Power Of Attorney To Sell Victim’s Home Claimed To Be Victim’s Nephew Powers of Attorney (POAs) are incredibly important – and powerful – legal instruments.  Sometimes, they are essential when the principal needs their appointed agent to take care of a business matter […]

ATTORNEY NEWSLETTER 19 Unauthorized Uses Of Debit Card On A Single Day Son Alerts Home Care Agency Of Suspicious Transactions Civil Remedies Available To Victims And Families As a recent case discussed below illustrates, the unauthorized use of credit or debit cards of elderly persons is a common form of […]

ATTORNEY NEWSLETTER Penalties For Accessing Funds Loss Of Control Of Investment Sales Commissions And Contract Fees Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Popular talk show advisor Suze […]

ATTORNEY NEWSLETTER Accused Of Credit Card Theft Elderly Victim Suffered From Cerebral Palsy Cards Allegedly Used At Multiple Stores Whenever a stranger or caregiver enters an elder or dependent adult’s home, there is a risk of theft.  Every time, however brief.  Older persons or dependent adults are really not in […]

ATTORNEY NEWSLETTER Elderly Victims Lose $480,000 Advisor Uses Client Money To Enrich Himself Three-Year Scheme Against Elderly Clients Financial predators can be strangers or new friends or caregivers entering a senior’s life or those the senior has known and trusted for years.  Unscrupulous stock promoters and financial advisors may prey […]

ATTORNEY NEWSLETTER Misuse Of Power Of Attorney To Redirect Funds Unauthorized Withdrawals Totaling $120,000 Prison Sentence And Restitution To Heirs Individuals with powers of attorney (POAs) for someone else have full legal authority over that person’s financial affairs, unless the instrument limits their power in some way.  The scope of […]

ATTORNEY NEWSLETTER Years Of Fraudulent Checks Alleged Unlicensed Caregiver Had Prior Criminal History Apprehended Trying To Cash Check After Victim Died Older victims lose more than $3 billion annually as a result of financial elder abuse, according to FBI and National Institute of Justice statistics. As many as one in […]

ATTORNEY NEWSLETTER Retirement Savings Lost Homes At Risk Of Foreclosure Scheme Began In The 1990s Financial elder abuse can be limited to isolated transactions exploiting the elderly or can be a largescale fraud striking numerous elderly victims.  Seniors are often targets of Ponzi schemes, where money collected from new investors […]

ATTORNEY NEWSLETTER Online Bank Transfers Victim Abandoned For Hours Victim Found Wandering In Road No one should ever let a stranger in their home.  Particularly if you are an older person living alone.  A dishonest stranger posing as a caregiver can rapidly take advantage of an isolated senior.  When a […]

ATTORNEY NEWSLETTER Importance Of Background Check Keep Credit Cards And Confidential Information Secure Monitor Accounts Daily Based on years of financial elder abuse litigation experience at Evans Law Firm, Inc., we know that the risk of financial elder abuse of seniors by their in-home caregivers is all too real.  We […]