Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Alleged Jewelry Theft Caught On In-Home Camera Elderly Victim Goes To Police Thought She Could Trust Her Therapist We cannot stress enough that seniors are potential victims of financial elder abuse whenever a stranger or caregiver enters their home.  Experience shows that cash, jewelry, keepsakes, checkbooks, credit cards, […]

ATTORNEY NEWSLETTER 78-Year-Old Dementia Victim Suffered Physical and Financial Elder Abuse Hospital Notifies Police San Francisco Sees Increase In Elder Abuse Cases Cases of reported elder and dependent adult abuse have jumped 18-20% year over year in San Francisco since 2017 according to the Family Violence Council in San Francisco. […]

ATTORNEY NEWSLETTER 74-Year-Old Widower And Dementia Sufferer Loses $5 Million Stranger Allegedly Completed More Than 120 Fraudulent Transactions Filled Suitcase With Stolen Cash And Sold Victim’s Home Financial elder abuse of seniors is a real problem throughout the State of California. Sometimes, the theft is relatively small, but often, if […]

ATTORNEY NEWSLETTER Attorney General Bonta Brings Charges 15 Individuals Charged With Ponzi Scheme Targeting Elderly Elderly Investors Allegedly Defrauded Out Of $5 Million Statistics show that seniors are more vulnerable to investment fraud than younger investors.  When they are, the actions of the wrongdoer also constitute financial elder abuse in […]

ATTORNEY NEWSLETTER Authorities Arrest Caregiver Accused Of Financial Elder Abuse And Theft Caregiver Allegedly Forced Senior To Approve Cash Withdrawal Charges Of Theft, Forgery And Financial Exploitation All seniors are potential victims of financial elder abuse, but some are more vulnerable than others.  Especially vulnerable are h isolated seniors requiring […]

ATTORNEY NEWSLETTER Agents Earn High Commissions On Deferred Annuity Sales The Riskier The Investment The Higher The Commission Commissions Versus Fee-Based Advice Risky investments like fixed indexed and variable annuities, non-traded REITs (real estate investment funds), and private placements typically pay out high commissions – some as high as 10% […]

ATTORNEY NEWSLETTER Long-Term Insurance Policies  Pressure Sales Tactics High Commissions, Hidden Fees And Surrender Penalties  All deferred annuities are complicated and risky, indexed annuities are particularly complex and full of risk.  These complications and risks are especially dangerous for seniors; if a policyholder needs his or her money back for […]

ATTORNEY NEWSLETTER Insurance Agent Charged With Insurance Fraud And Financial Elder Abuse Thirty-Two Victims Including Many Seniors Fraudulent Documents Allegedly Covered Up Fraud Financial elder abuse strikes seniors from many quarters, and insurance agents are among those who can swindle seniors out of money.  Agents may exploit older consumers by […]

ATTORNEY NEWSLETTER Seniors Targeted For Theft Of Cash And Credit Cards  Caregivers And Others With Access Unauthorized Purchases And Theft Of Cash Seniors are the most vulnerable segment of our population to risk of theft or financial exploitation.  Theft and abuse range from theft of relatively small amounts of cash […]

ATTORNEY NEWSLETTER Disadvantages of Deferred Annuities High Pressure Sales And Other Questionable Practices Replacements And Exchanges Particularly Disadvantageous Deferred annuities present real, potential problems for seniors through contract costs and especially the surrender penalties incurred when the policyholder wants to take his or her money out. When selling annuities to […]