Category: financial elder abuse

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, […]

ATTORNEY NEWSLETTER Forms Of Elder Abuse  Signs Of Neglect And Abuse Protecting Older Loved Ones From Abuse And Neglect The most common types of abuse are physical, emotional, financial, and verbal. The National Council on Aging says up to five million older Americans are abused yearly, and the annual loss by victims […]

ATTORNEY NEWSLETTER Accused of Running $3.2 Million Fraudulent Investment Scheme One Elderly Client Defrauded Of $400,000 Ordered To Pay Restitution And Serve 6 ½ Years In Prison Financial advisors and stockbrokers are potential financial predators of senior citizens.  Sometimes, the relationship between the broker and the senior is brand new […]

ATTORNEY NEWSLETTER Alleged Fraudulent Purchases On Debit Card Victim Resident In Senior Living Community Victim Noticed Suspicious Charges On Statement Many of the reported cases of dishonest caregivers stealing from seniors occur in the senior’s own home when a dishonest in-home caregiver has access to financial records, checks, credit cards […]

ATTORNEY NEWSLETTER Financial Elder Abuse Of Seniors Signs Of Financial Exploitation Social, Physical And Behavioral Clues As we age, we may grow dependent on the help of others.  The process may be gradual or sudden (as after a stroke or accident).  Either way, increased dependence on others opens up the […]