Category: financial elder abuse

ATTORNEY NEWSLETTER Elder abuse is widespread in our society, but there is increased awareness of the issue and the forms of abuse, and resources to help. California elder abuse lawyers say that it can be difficult to recognize the signs of elder abuse. Abuse is often committed by family members, […]

ATTORNEY NEWSLETTER According to a Santa Rosa police sergeant, the Santa Rosa police recently arrested a self-employed counselor for elderly clients on suspicion of financial elder abuse. The suspect is accused of stealing $26,000 from an elderly client over four months. According to Santa Rosa Police Sgt. Lisa Banayat, the […]

ATTORNEY NEWSLETTER Annuities are not always a suitable investment for the elderly, and they should educate themselves in order to avoid making a bad investment. Senior citizens hold two-thirds of the wealth in this country and the elderly population is increasing. As a result, elder financial fraud is growing as […]

ATTORNEY NEWSLETTER The American Association of Retired Persons (AARP) gives tools and advice for people to protect their retired parents against fraud and scammers. The growing elderly population loses billions per year as a result of fraud. Senior citizens are more likely to be defrauded than other age groups. It […]

ATTORNEY NEWSLETTER True Link Financial, a California-based company that provides assistance and tools to seniors and their families to prevent elder abuse, released a 2015 report estimating that financial elder abuse costs senior citizens $36.48 billion per year. The report found that “criminal fraud” such as telephone scams, identity theft, […]

Instances of elder abuse, both physical and financial, usually go unreported because the victims think no one will believe them or that they have no one to turn to with their evidence. If an older man is living in a nursing home and is physically abused through beatings, lack of […]

ATTORNEY NEWSLETTER As cases of financial elder abuse increase, more financial firms are requiring elderly customers to submit forms with emergency contact information. California financial elder abuse attorneys say that financial advisors and brokers can be in a unique position to detect financial abuse or fraud, as well as issues […]

ATTORNEY NEWSLETTER Seniors are frequently victims of investment fraud, according to California securities fraud lawyers. The Securities and Exchange Commission’s Office of Investor Education and Advocacy provides some advice and basic rules about investment offers to avoid, and how to identify potentially fraudulent investment opportunities. Before choosing an investment, seniors […]

ATTORNEY NEWSLETTER Elder abuse and neglect reports have significantly increased in Sonoma County over the past few years. According to a recent county report, they have increased by 70 percent over the past five years. However, these wrongdoings frequently go unrectified as they are not acknowledged and/or legally addressed by […]

ATTORNEY NEWSLETTER The Financial Industry Regulatory Authority and the Securities and Exchange Commission recently published a report regarding senior investors. The report sets forth new recommendations for firms that prepare and institute new policies for seniors. FINRA and the SEC “are concerned that some broker-dealers may be recommending riskier and […]