Category: Financial Exploitation

ATTORNEY NEWSLETTER Allegedly Embezzled $2 Million Promises Of High Returns On Invested Money Offered “Investment Advisory Services”  Often it takes years for some complicated elder financial abuse schemes to unwind and be detected.  In many cases, the scheme is not discovered until the victim as died, particularly in the abuse […]

ATTORNEY NEWSLETTER High-Yield Investment Fraud Targeted Elderly Multi-Million Dollar Scheme Allegedly Ran or Six Years Individuals Plead Guilty To Multiple Charges Financial elder abuse may be limited to isolated transactions exploiting specific older individuals, but larger fraudulent and abusive schemes may be perpetrated on numerous elderly victims.  Seniors are often […]

ATTORNEY NEWSLETTER Allegedly Defrauded Investors Were Ages 78-94 Promised 13% Return On A Promissory Note Fraud Allegedly Continued For Five Years Sales of unsuitable investments to seniors may constitute financial elder abuse.  Largescale pyramid or Ponzi schemes may also target seniors. Statistics show that the older we get the more […]

ATTORNEY NEWSLETTER Advisor Allegedly Spent Elderly Client’s Money On Himself Thousands In Overcharges On Account Accused of Four Years Of Misconduct  Sales of unsuitable investments to seniors may constitute financial elder abuse.  Largescale pyramid or Ponzi schemes may also target seniors. Churning investments in a senior’s account to generate commission […]

ATTORNEY NEWSLETTER FINRA Senior Exploitation Rules Add Trusted Contact To Account Placing A Hold On Account The Financial Industry Regulatory Authority (FINRA) is a regulatory agency that has been increasingly focused on protecting older Americans from financial elder abuse from advisors and brokers.  FINRA has a set of rules designed […]

ATTORNEY NEWSLETTER Caregiver Given Financial Duties  Family Discovers Alleged Theft During Audit  Claims Money Needed For Kidnap Ransom We cannot stress enough that a caregiver hired to care for an older or dependent person should never be given any financial responsibilities.  Ever.  Even giving a caregiver a credit card to […]

ATTORNEY NEWSLETTER Unauthorized Annuity Withdrawals Alleged Accused Of Forging Withdrawal Requests Targeted Victims’ Retirement Assets Unscrupulous financial advisors with access to a senior’s funds are in a position to steal, and if the senior is suffering from cognitive impairment or otherwise unable to manage their affairs, the theft may go […]

ATTORNEY NEWSLETTER National Senior Fraud Awareness Day 2022 Isolated Seniors At Greatest Risk Steps For Protecting Seniors Each year, millions of elderly Americans fall victim to some type of financial elder abuse, and the results can be devastating. In response to the rise in financial elder abuse of older Americans, the U.S. […]

ATTORNEY NEWSLETTER Caregiver Sentenced For Stealing From Multiple Elderly Victims Forged Checks And Stolen Credit Cards Accused Of Stealing From Facility And In-Home Patients Financial elder abuse is a risk for seniors whether they live in a care facility or in their own homes under the care of an in-home […]

ATTORNEY NEWSLETTER Get References When Hiring In-Home Caregivers Use A Bonded Agency And Ask Questions Warning Signs Of Caregiver Fraud Whenever a stranger enters an isolated senior’s home there is a very real risk of financial elder abuse.  This is especially true when the stranger is a caregiver, who may […]