Category: Elder Financial Abuse

ATTORNEY NEWSLETTER High-Yield Investment Fraud Targeted Elderly Multi-Million Dollar Scheme Allegedly Ran or Six Years Individuals Plead Guilty To Multiple Charges Financial elder abuse may be limited to isolated transactions exploiting specific older individuals, but larger fraudulent and abusive schemes may be perpetrated on numerous elderly victims.  Seniors are often […]

ATTORNEY NEWSLETTER Insurance Agent Charged With Raiding Elderly Client’s Annuities Admits To Stealing $1.3 Million From 79-Year-Old Convinced Victim To Transfer Life Insurance And Retirement Accounts Financial elder abuse causes billions of dollars of losses to older Americans and their families every year.  Much financial elder abuse, like other forms […]

ATTORNEY NEWSLETTER Widespread Risk Of Financial Elder Abuse Run Background Checks On In-Home Caregivers Involve All Family Members In Decisions Financial elder abuse is a crime in California and grounds for civil liability against the person who took the property.  Older Americans and their families lose more than $3 billion […]

ATTORNEY NEWSLETTER Disadvantages of Indexed Universal Life Insurance For Seniors Increasing Premiums And Policy Lapses  Surrender Charges  Evans Law Firm, Inc. generally cautions against certain forms of indexed universal life insurance (IULs) for senior consumers because IULs are expensive, complicated, and tie up invested money for long periods of time. […]

ATTORNEY NEWSLETTER Caregiver Allegedly Stole $4000 And Neglected Elderly Woman Neighbor Called 911 Victim Admitted To Hospital For Malnutrition And Skin Deterioration Sadly, we share too many stories of seniors and dependent adults who suffer from neglect and abuse by in-home caregivers.  Where a dishonest caregiver is after a patient’s […]

ATTORNEY NEWSLETTER Allegedly Defrauded Investors Were Ages 78-94 Promised 13% Return On A Promissory Note Fraud Allegedly Continued For Five Years Sales of unsuitable investments to seniors may constitute financial elder abuse.  Largescale pyramid or Ponzi schemes may also target seniors. Statistics show that the older we get the more […]

ATTORNEY NEWSLETTER Elderly Couple Are Caregiver’s Victims Forged Signatures On Victims’ Checks Online Transfers Seniors are vulnerable to financial elder abuse whenever a dishonest caregiver or other stranger enters their home for any period of time. When it occurs, this kind of financial elder abuse often takes the form of […]

ATTORNEY NEWSLETTER 79-Year-Old Victim Convinced Victim To Surrender Life Insurance And Annuities Used Victim’s Money To Pay Off Other Defrauded Customers All seniors are potential victims to various financial predators.  Financial predators on seniors include in-home caregivers, retirement planners, insurance agents and other salespeople, bankers, trustees, conservators, financial advisors, brokers, […]

ATTORNEY NEWSLETTER Long-Term Contract With No Control Of Investment Surrender Charges On Withdrawals  Annual Fees And Low Returns Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and impose significant […]

ATTORNEY NEWSLETTER Advisor Allegedly Spent Elderly Client’s Money On Himself Thousands In Overcharges On Account Accused of Four Years Of Misconduct  Sales of unsuitable investments to seniors may constitute financial elder abuse.  Largescale pyramid or Ponzi schemes may also target seniors. Churning investments in a senior’s account to generate commission […]