Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Investment Firm Penalized $500,000 By SEC Accused Of Lack Of Supervision And Compliance Failures Ex-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 […]

ATTORNEY NEWSLETTER Four Years Of Dependent Financial Abuse Alleged Allegations Of Insurance Fraud Prison Sentence And Restitution All seniors are potential victims to financial predators, including bookkeepers, insurance agents and other salespeople, bankers, trustees, conservators, financial advisors, brokers, caregivers, contractors, second spouses, stepchildren, girlfriends or boyfriends and anyone who holds […]

ATTORNEY NEWSLETTER Powers Of Attorney Are Important Legal Instruments Possibility Of Abuse Always Present How Powers Of Attorney Can Be Misused Powers of Attorney (POAs) are important and powerful legal documents that grant the agent appointed under the POA full legal authority to act for the principal who executes the […]

ATTORNEY NEWSLETTER Assisted Care Facility Residents Victimized Suspicious Charges Discovered By Family Of One Victim Close To $16,000 In Unauthorized Charges Unauthorized debit and credit card charges are a common form of financial elder abuse.  Dishonest caregivers can strike quickly when they get their hands on a card and run […]

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 […]