Category: financial elder abuse

ATTORNEY NEWSLETTER Used Power Of Attorney To Steal Millions Victim Did Not Live To See Sentencing Five Year Prison Sentence And Restitution To Estate Financial predators take advantage of elderly persons whether they are rich or poor, man or woman, living at home or residing in care facilities.  Financial predators […]

ATTORNEY NEWSLETTER Nursing Home Business Manager Pleads Guilty To Theft Wrote Checks Off Resident Account False Entries On Nursing Home Books Seniors residing in assisted care or skilled nursing facilities face the same risk of financial elder abuse by dishonest staff members as seniors living at home do from dishonest […]

ATTORNEY NEWSLETTER Broker Pleads Guilty To Writing Checks To Himself Opened Credit Cards In Senior’s Name Five-Years Probation And Full Restitution Ordered Financial advisors and stockbrokers are potential financial predators of senior citizens.  While financial exploitation seems most often to occur when a “new” broker or advisor targets an elderly […]

ATTORNEY NEWSLETTER Caregiver Sentenced To 51 Months In Prison Other Examples Of Financial Elder Abuse Protecting Older Loved Ones From Financial Abuse Financial abuse of elders and dependent adults is a widespread and growing plague in America and the potential financial predators seem to be everywhere – caregivers, insurance agents, […]

ATTORNEY NEWSLETTER Elderly Person Claims Attorney-in-Fact Misused POA Principal Seeks $891,000 In Damages Wants Title To Home Restored Powers of attorney (POAs) are significant legal instruments which grant appointed agents full legal authority to act for the principal who executes the POA.  The person appointed under the POA is called […]

ATTORNEY NEWSLETTER SEC Penalizes Firm $500,000 Alleged Lack Of Supervision And Compliance Failures Broker Stole From 98 And 86-Year-Old Clients Investment firms have a responsibility for supervising brokers and advisors for securities law compliance and also for potential financial elder abuse of older clients.  A recent fine imposed by the […]

ATTORNEY NEWSLETTER Accused of Befriending Elder Customer To Exploit Him Financially Alleged Efforts To Defraud Man Out of Hundreds Of Thousands Third-Party Investigation Continuing We often write about how seniors may be financially exploited from all kinds of persons – caregivers, insurance agents, stockbrokers, financial advisors, trustees, persons with power […]

ATTORNEY NEWSLETTER Accused Of Misappropriating Millions Seniors Among Victims Money Allegedly Spent At Porsche Dealership And On Rent With inflation surging, retired Americans are understandably concerned about how their fixed incomes will cover future expenses. Dishonest financial advisors and brokers capitalize on this anxiety to offer investment “opportunities” paying higher […]

ATTORNEY NEWSLETTER Schemes Undetected For Years  False Cover-Ups To Hide Abuse Forged Checks And Unauthorized Credit Card Use Whenever another person is in charge of someone else’s money there’s a risk of theft.  This is especially true for older persons who entrust someone else to handle their finances. Given the […]

ATTORNEY NEWSLETTER Wrote Victims’ Checks To Herself Zelle Transfers To Her Own Account Online Payments For Caregiver And Husband Often a dishonest caregiver with access to a senior’s cash or bank accounts steals in relatively small amounts.  If the caregiver believes he or she is getting away with their theft, […]