Category: Evans Law Firm

ATTORNEY NEWSLETTER Policyholders Risks on Universal Life Insurance A hidden risk that premiums can skyrocket lies in universal life insurance. Unlike term and whole life insurance, universal life policies allow flexible premium payments but those payments can skyrocket over time leaving consumers with the poor choice of paying a much […]

ATTORNEY NEWSLETTER Be On The Lookout for These Types of Securites Fraud Thousands of California investors are victims of investment or securities fraud every year. Federal and State securities laws provide remedies for defrauded investors but it’s wise to do your homework first so you don’t get caught in a […]

ATTORNEY NEWSLETTER Internal Revenue Service Rewards Whistleblowers Offshore Tax Avoidance Schemes Targeted The Internal Revenue Service (IRS) rewards people who provide specific and credible information to the IRS regarding tax scams. The IRS of course chases lots of different tax frauds but in particular aggressively pursues taxpayers who use offshore […]

ATTORNEY NEWSLETTER Fiduciary Rule No Longer Restraining Brokers Unfortunately, President Obama’s initiative to protect consumers from financial advisors who put their own interests before those of their clients has been destroyed by the current administration. Turning its back on consumers, the Trump Administration stalled and then rejected entirely the Department of Labor’s “fiduciary rule” […]

ATTORNEY NEWSLETTER The Trouble With Annuity Replacements Churning Annuities In shifting economic climates, insurance agents often recommend replacement of old annuity or whole or universal life insurance policies with promises of better, newer products. For most policyholders, especially seniors, replacements are inappropriate because they are expensive, can trigger tax liabilities, […]

ATTORNEY NEWSLETTER False Claims Act Cases Against Healthcare Industry Government Whistleblower Awards Increasing Whistleblowers initiate over 80% of all healthcare fraud cases brought under the False Claims Act in this country. Historically, the government has recovered over $30 billion in these actions and paid out close to $5 billion in […]

ATTORNEY NEWSLETTER Government Investigations of Nursing Home Abuse in California In California, anyone with complaints about nursing homes can file a complaint with the Licensing and Certification Division of the California Department of Public Health (DPH). Nursing home residents and their loved ones can file complaints of abuse, neglect, or […]

ATTORNEY NEWSLETTER Beware of Pump and Dump Schemes With Microcap Stocks Our securities fraud lawyers have written before in this column about pump and dump schemes and penny stocks. In a pump and dump, fraudsters artificially run up share prices (pump) and then dump the shares on the market down […]

ATTORNEY NEWSLETTER Broker Pushed More Expensive Variable Annuities L-Share and B-Share Variable Annuities Not all variable annuities are the same. Carriers offer B-share contracts with long surrender charge periods and L-share policies with shorter surrender periods but higher fees and commissions.  Both types of variable annuities may be inappropriate for […]

ATTORNEY NEWSLETTER Preventing Fraud and Abusive Practices Know Your Adviser Before You Buy Knowing who to trust for professional financial advice may be the most important step for consumers, especially seniors, when turning to an adviser for financial planning help. The San Francisco and California securities fraud and financial elder […]