Category: financial elder abuse

ATTORNEY NEWSLETTER All Seniors Are At Risk Common Red Flags Of Financial Elder Abuse Steps To Protect Older Loved Ones Unscrupulous financial advisors and stockbrokers have access to customer accounts and may use that access to steal from clients, especially elderly clients who may not catch irregularities in their accounts. […]

ATTORNEY NEWSLETTER Allegedly Forged Checks Off Patient’s Account Charges of Theft Of Cash And Property Suspicious Checks Spotted By Bank Lead To Investigation Unscrupulous caregivers who prey on seniors many times strike more than one victim.  If a greedy caregiver gets away with stealing from one patient, he or she […]

ATTORNEY NEWSLETTER Victim’s Friend Discovers Suspicious Activity Credit Card Purchases And Cash Withdrawals Suspicious Activity On Victim’s Credit Report Theft from any person is a crime, but when the victim is over 65 any theft is also criminal financial elder abuse and grounds for civil liability against the person who […]

ATTORNEY NEWSLETTER All Seniors Are At Risk Of Financial Elder Abuse Be Thorough In Hiring In-Home Caregivers Involved All Trusted Family Members In Decisions Older Americans and their families lose more than $3 billion annually as a result of financial elder abuse according to the National Institute On Aging.  The […]

ATTORNEY NEWSLETTER Agents Target Seniors With Retirement Planning Seminars The Goal Is To Sell Annuities Resist The Hype And Understand The Disadvantages Events like “retirement planning seminars” or “retirement consultations” typically devolve into annuity sales pitches by the hosting insurance agent.  Whenever an agent approaches you to consider a deferred […]

ATTORNEY NEWSLETTER Allegedly Siphoned $800,000 From Elderly Widow’s Account Accused Of Stealing Annuity Payments Allegedly Forged More Than 200 Checks Individuals who steal from and financially exploit seniors include in-home caregivers or persons directly involved with a senior’s finances such as by power of attorney, or as trustee, guardian, conservator, […]

ATTORNEY NEWSLETTER Misuse Of Power Of Attorney Over Annuity Six Unauthorized Withdrawals Totaling $120,000 Sentenced To Two Years Probation And Ordered To Pay Restitution To Heirs Individuals with powers of attorney (POAs) for someone else have full legal authority over that person’s financial affairs, unless the instrument limits their power […]

ATTORNEY NEWSLETTER Years Of Checks Written To The Caregiver Caregiver Was Unlicensed And Had Prior Criminal History Caught Trying To Cash Large Check Day After Senior Dies Older victims lose more than $3 billion annually as a result of financial elder abuse, according to FBI and National Institute of Justice […]

ATTORNEY NEWSLETTER Misappropriation Of Fiduciary Property Alleged Unauthorized Use Of Credit Cards And Blank Checks Victim’s Son Reported Suspicions Powers of attorney (POAs) grant the agents appointed under them full legal authority to act for the principal who executes the POA.  The scope of the appointed attorney-in-fact’s powers is set […]

ATTORNEY NEWSLETTER Insurance Agent Sentenced For Investment Fraud Targeting Seniors Misrepresentations About Highly Speculative Investments 20-70% Of Money Received Pocketed As Fees Unscrupulous insurance agents, financial advisors, brokers and investment promoters seize on older investors’ anxiety about inflation and soaring health care costs to offer investments that promise above-market returns […]