Category: financial elder abuse

ATTORNEY NEWSLETTER Fraud On 94-Year-Old Victim Fraudulent Checks And Forgeries Protecting Older Loved Ones Older persons lose more than $3 billion annually as a result of financial elder abuse, according to FBI and National Institute of Justice statistics. The true figure is likely much, much higher as most financial elder […]

ATTORNEY NEWSLETTER Facility Residents’ Credit Cards Used One Victim’s Family Notices Suspicious Charges $16,000 In Unauthorized Charges Whenever a dishonest caregiver or other stranger enters a senior’s home or nursing home room, credit and debit cards and ATM cards, checks and entire check registers, accessible cash, and jewelry or other […]

ATTORNEY NEWSLETTER How Dishonest Agents Use Powers Of Attorney To Steal Case Example Of Theft Civil Remedies For POA Abuse Powers of attorney are incredibly powerful legal instruments. The scope of the appointed attorney-in-fact’s powers is set by law and, unless specifically limited, extends to almost every form of financial […]

ATTORNEY NEWSLETTER Falsified Timesheets And Excessive Payments Time Discrepancies Discovered By Family Protecting Seniors From Fraud California broadly defines what constitutes financial elder or dependent adult abuse: (a) “Financial abuse” of an elder or dependent adult occurs when a person or entity does any of the following: (1) Takes, secretes, appropriates, obtains, […]

ATTORNEY NEWSLETTER 65 Unauthorized Checks Drawn On Resident Trust Funds  $73,521.68 In Restitution Ordered Six Months Jail Sentence Seniors in assisted care or skilled nursing facilities face the risk of financial elder abuse by dishonest staff members similar to the risks seniors living at home do from dishonest in-home caregivers.  […]

ATTORNEY NEWSLETTER Multiple Check Forgeries Alleged Victim’s Checking Account Overdrawn Unauthorized Debit Card Charges By Caregiver Alleged Never hand an ATM/debit card or credit card to a caregiver and ask them to go get cash or make purchases.  Never give out any PIN numbers. Never give a caregiver or other […]

ATTORNEY NEWSLETTER Ponzi Scheme Targeting Mostly Older Customers Lost Savings And Homes At Risk Of Foreclosure Scheme Lasted Many Years Seniors are often targets of Ponzi schemes, where money collected from new investors is used to pay existing investors, and there really is no actual investment of funds. Like the […]

ATTORNEY NEWSLETTER Understand The Disadvantages For Seniors Withdrawal Penalties Make Exiting Policies Costly Fees, Participation Rates And Caps Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed annuities, like most deferred annuities, […]

ATTORNEY NEWSLETTER Bank Card Access Fraudulent Purchases Remedies For Injured Seniors Any wrongful taking of a senior’s property, or any assistance in that taking by a friend or spouse of the dishonest caregiver, is a crime and grounds for civil liability of the person doing the taking and anyone assisting […]

ATTORNEY NEWSLETTER Elderly May Be Victims Of Various Forms Of Abuse How You May Be Able To Spot Neglect And Abuse Protections And Remedies For Victims The National Council on Aging says up to five million older Americans are abused yearly, and the annual loss by victims of financial elder abuse is […]