Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Government Charges Defendant Ran Scheme For Nine Years Victims Primarily Elderly Investors False Promise Of Guaranteed Income And Other Misrepresentations Financial elder abuse can strike a particular senior citizen or can be a largescale fraud striking numerous elderly victims such as investment fraud like a Ponzi scheme, where […]

ATTORNEY NEWSLETTER Unsuitable Insurance For Seniors Questionable Sales Tactics Red Flags For Consumers Insurance companies may offer commissions as high as 10 percent to agents to sell products like long-term deferred annuities to senior citizens. In this environment, consumers should arm themselves with information to protect their interests. Evans Law Firm, […]

ATTORNEY NEWSLETTER Suit Alleges Suspicious Wire Transfers, Cash Withdrawals And Advances Victim Allegedly Lost $370,000 Fraudulent Wires And Transfers Allegedly Executed At Six Bank Branches Seniors can be victims of theft and financial elder abuse in single transactions or may be victimized by an entire series of fraudulent transactions or […]

ATTORNEY NEWSLETTER Prohibitions Against Sales Of Unsuitable Insurance Policies Unsuitable Sales To Seniors Is Financial Elder Abuse Red Flags In Sales Pitches Insurance agents who sell unsuitable insurance products, including indexed annuities, to seniors violate the California Insurance Code and Financial Industry Regulatory Authority (FINRA) regulations against the sale of […]

ATTORNEY NEWSLETTER Victim Suffered From Alzheimer’s $117,000 In Suspicious Transactions In Bank Account Audit Uncovers Misuse Of Power Of Attorney Financial Powers of Attorney (POAs) grant the agent acting under them broad powers over virtually all of a principal’s financial affairs and allow access to bank accounts.  See Cal. Prob. […]

ATTORNEY NEWSLETTER Family Discovers Large, Unusual Transactions Caregiver Had Senior’s Credit Card And Checks Caregivers Alleges That Senior Made Gifts To Her There is a very real danger of theft and financial elder abuse whenever a caregiver has access to a senior’s credit cards, cash, checks, or bank account information.  […]

ATTORNEY NEWSLETTER Caregiver Arrested On 99 Felony And 11 Misdemeanor Charges Accused Of Stealing Jewelry, Money And Drugs Also Charged With Withholding Care From 44 Residents Seniors under the care of other persons are at risk of all manner of elder abuse, including financial, emotional, physical, and sexual abuse.  Often, […]

ATTORNEY NEWSLETTER CPA Allegedly Caught When Trying Transfer $500,000 To Himself  More Than $1.5 Million Allegedly Taken By Checks And Wires  CPA Allegedly Hired Unqualified Caregivers For Clients Powers of Attorney (POAs) are incredibly and powerful legal instruments that grant broad powers over virtually all of a principal’s affairs.  When […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities Unsuitable Investments Reasons To Avoid Deferred Annuities Sales of unsuitable annuities, including indexed annuities, to seniors may constitute financial elder abuse and violate the California Insurance Code and Financial Industry Regulatory Authority (FINRA) regulations against the sale of unsuitable investments.  Cal. Welf. & Inst. […]

ATTORNEY NEWSLETTER Elderly Hospital Patient Allegedly Victimized Charges Of Credit Card And Identity Theft And Financial Elder Abuse Families Discover Unauthorized Charges Seniors at home under the care of in-home caregivers or in care facilities or hospitals are vulnerable to financial elder abuse by those entrusted to care for them.  […]