Category: financial elder abuse

ATTORNEY NEWSLETTER The Financial Industry Regulatory Authority (FINRA) has launched a toll-free line to support senior citizens and advise them on financial matters. The FINRA Securities Helpline for Seniors is designed to help older investors get neutral, informed advice regarding their brokerage accounts and investments, and avoid seniors from becoming […]

ATTORNEY NEWSLETTER California financial fraud attorneys want to provide consumers with tips, tools, and resources to protect against the risks of purchasing deferred annuities. For more on deferred annuities and their risks, read here: /the-risks-of-deferred-annuities-and-what-youre-really-paying-for/. TIPS TO DETERMINE IF A DEFERRED ANNUITY IS AN APPROPRIATE INVESTMENT FOR YOU: -Research the […]

ATTORNEY NEWSLETTER Deferred annuities are a financial product that delays payments of income until the investor elects to receive them. This type of annuity has two main phases, the savings phase in which you invest money into the account, and the income phase in which the plan is converted into […]

ATTORNEY NEWSLETTER California elder abuse attorneys commend the White House Council on Aging for their recent initiatives to address elder abuse. The council is currently hosting regional forums in advance of their once-a-decade national forum. There are four points of emphasis that the regional forums, which are co-sponsored by AARP […]

ATTORNEY NEWSLETTER California financial elder abuse attorneys want to pass along tips to combat and prevent elder abuse from The Elder Justice Roadmap, a report recently released by the U.S. Department of Justice and the Department of Health and Human Services. According to the report, only one in 24 cases […]

ATTORNEY NEWSLETTER California securities fraud lawyers want to warn consumers, particularly senior citizens, about various types of securities fraud schemes. Seniors can be prime targets for investment scams and fraud, as they often have excellent credit, own homes, and have a nest egg. One such type of fraud that seniors […]

ATTORNEY NEWSLETTER The National Center on Elder Abuse wants to make the public aware of “The Grandparent Scam,” a scam targeting the elderly. The Grandparent Scam attempts to get an elderly person to wire a large sum of money, and losses are usually several thousand dollars per victim. In the […]

ATTORNEY NEWSLETTER California financial elder abuse attorneys urge senior citizens and their loved ones to be alert for signs of financial elder abuse. Financial elder abuse occurs when a senior is financially exploited, often without the victim’s knowledge. Oftentimes the exploiter may be a family member or someone else close […]

ATTORNEY NEWSLETTER Los Angeles detectives are urging victims of an elder abuse scam to come forward, after two women were arrested earlier this month and charged with attempted elder abuse, attempted grand theft and conspiracy. The two women, Margaret Souza, 48, and Teneca Wilson, 31, are alleged to have met […]

ATTORNEY NEWSLETTER FINRA, the national association of securities traders, has published new research on how financial abuse affects victims. The study aimed to look at financial fraud from the victim’s perspective, including their experiences, reactions, and the potential indirect financial costs and non-financial consequences of being defrauded. The report issued […]