Category: Elder Financial Abuse

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.  […]

ATTORNEY NEWSLETTER Rising Premiums On Universal Life Policies Impact Seniors Potentially Misleading Policy Illustrations Low Rates Of Return Evans Law Firm, Inc. recommends against indexed universal life insurance and deferred annuities for senior consumers because both insurance products are expensive, complicated, and tie up invested money for long periods of […]

ATTORNEY NEWSLETTER Caregiver Arrested For Stealing Disabled Patients’ Benefits Impersonated Seven Patients To Obtain Their Government Benefits Identity Theft And Accessing Personal Information Elders and dependent adults are at risk of financial elder abuse and theft from the very persons who are entrusted to care for them.  Sometimes the theft […]

ATTORNEY NEWSLETTER Unregistered Securities And Illegal Schemes Unscrupulous Brokers And Advisors Prey On Older Investors Incidents Of Investment Fraud On Elderly Increasing In its recently released Elder Fraud Report, the FBI lists investment fraud against the elderly as one of the primary forms of financial elder abuse against older Americans.  […]

ATTORNEY NEWSLETTER Two Caregivers Charged With Theft And Financial Elder Abuse Accusations Of Numerous Forged Checks And Credit Card Charges Families Discover Account Irregularities Unscrupulous caregivers with access to a senior’s bank accounts, checks, checkbook or checking account statements, or any other accounts, ATM cards, credit cards or any financial […]

ATTORNEY NEWSLETTER 100,000 Complaints Of Financial Elder Abuse In 2020 FBI Froze $13.5 Million Before Victims Lost To Fraud Assisted Care Residents Particularly Vulnerable In the fiscal year ended June 30, 2021, the U.S. Department of Justice (DOJ) brought more than 220 criminal and civil enforcement actions covering almost 20 […]

ATTORNEY NEWSLETTER Thanksgiving Day 2021 Reunite With Seniors Enjoy Safe Celebrations All of us at Evans Law Firm, Inc. wish you a very happy and safe Thanksgiving Day. Thanksgiving is the perfect time for family and friends to gather together, and this year brings an opportunity to safely include older […]

ATTORNEY NEWSLETTER Family Hired Caregiver Through Agency Within A Few Hours Caregiver Allegedly Accessed Accounts  Wire Transfer And Stolen Cash And Credit Cards We have previously advised that financial abusers strike quickly when they have access to cash, checks, credits cards and bank accounts online.  A recent case, discussed below, […]

ATTORNEY NEWSLETTER Deceptive Sales Practices Fees And Surrender Charges Understand How Returns Are Calculated Annuity sales to senior citizens have increased in recent years, but so has a sense of confusion among older consumers who are so often targeted by agents selling complex and expensive annuities. The confusion over these […]