Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Broker Allegedly Defrauded Seniors Out Of $2.4 Million Allegedly Offered “Safe” Investments Which Were Fake Also Allegedly Made Unauthorized Trades The U.S. Securities and Exchange Commission (SEC) polices financial markets to protect the public from fraud.  The SEC’s Enforcement Division includes a Retail Strategy Task Force that in […]

ATTORNEY NEWSLETTER Financial Elder Abuse Alleged Over A Ten-Year Period Victim Sold 23 Annuities Over 10 Years Suspects Allegedly Isolated Victim From Family And Friends Isolation of older persons is a common theme in cases of financial elder abuse.  Another common thread is when a stranger convinces a senior to […]

ATTORNEY NEWSLETTER Unethical Agents And Aggressive Sales Tactics Deliberate Omissions Of Important Information False Promises And Misrepresentations Evans Law Firm, Inc. recommends against annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Deferred annuities impose significant surrender penalties […]

Read what Ingrid M. Evans told Forbes about the problems for senior consumers with reverse mortgages: How To Avoid Reverse Mortgage Lending Traps – Forbes Advisor

ATTORNEY NEWSLETTER Unlicensed Caregiver Hired Off Craigslist Unauthorized Checks, ATM Withdrawals And Theft From Safe  Caregiver Allegedly Abused Victim Emotionally Too Half of all elder abuse in this country is committed by strangers who come into a senior’s life as caregivers, workmen, or in other capacities.  Elderly persons under the […]

ATTORNEY NEWSLETTER Questionable Sales Tactics Targeting Seniors Deferred Annuities Are Illiquid, Expensive And Poor Performing “Teaser” Interest Rates And Unsuitable Exchanges Deferred annuities contracts are expensive and complex insurance policies.  Deferred annuities are not investments in index funds despite labels like indexed annuities.  Evans Law Firm, Inc. recommends against annuities […]

ATTORNEY NEWSLETTER Caregiver Allegedly Stole Checks From Eight Residents Checks Forged And Cashed Out Of State Arrest For Numerous Criminal Counts Theft of cash, checks or credits card is a constant risk for seniors who have caregivers or other strangers enter their, particularly if the senior lives alone.  But seniors […]

ATTORNEY NEWSLETTER Agents Incentivized By Large Commissions You May Be Sold Something That’s Not Right For You Beware High-Pressure Sales Pitches And “Today-Only” Deals Insurance Agents and brokers receive a commission for annuity sales, which incentivizes an agent to sell you an annuity.  That incentive could lead an agent to […]

ATTORNEY NEWSLETTER Caregiver Allegedly Made 1500 Unauthorized Transactions Money Missing From Retirement, Checking And Savings Accounts Tens Of Thousands In ATM Withdrawals And Unauthorized Checks California seniors are estimated to have lost $15.9 billion to elder financial exploitation in 2020, affecting about 685,000 people, or 8% of California’s senior population.  […]

ATTORNEY NEWSLETTER Advisor Allegedly Withdrew Funds From Client’s Trust Authorities Discover 20 Fraudulent Letters Of Withdrawal Money Spent On Vacations And Luxury Cars Seniors may be financially exploited from pretty much any direction. Even trusted financial advisors of years may exploit elderly clients. Taking someone else’s money without their knowledge […]