Category: financial elder abuse

ATTORNEY NEWSLETTER Disabled Man Lost $52,000 Attempted To Take His Own Life After Loss Victim Gave Caregiver Debit Card And PIN Dishonest caregivers may prey upon a senior or dependent adult’s sympathies in order to take financial advantage of them.  In a recently reported case, discussed below, a caregiver allegedly […]

ATTORNEY NEWSLETTER Deferred Annuities Are Complex And Expensive Insurance Policies Policy Features Limit Your Upside Fees And Expenses May Be High Evans Law Firm, Inc. generally recommends against certain types of deferred annuities, including fixed indexed annuities, for older consumers based on what we have seen in our litigation experience: […]

ATTORNEY NEWSLETTER Housekeeper Arrested For Jewelry Theft Elderly Victim Used Online Service To Hire Multiple Pieces Of Jewelry Missing In Four Days Anytime a dishonest stranger enters a senior’s home, there is a real danger that things will go missing – cash, checks, credit and ATM cards, jewelry, and other […]

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 […]