Category: Financial Exploitation

ATTORNEY NEWSLETTER Two Caregivers Charged With Theft And Financial Elder Abuse Accusations Of Numerous Forged Checks And Credit Card Charges Families Discover Account Irregularities Unscrupulous caregivers with access to a senior’s bank accounts, checks, checkbook or checking account statements, or any other accounts, ATM cards, credit cards or any financial […]

ATTORNEY NEWSLETTER 100,000 Complaints Of Financial Elder Abuse In 2020 FBI Froze $13.5 Million Before Victims Lost To Fraud Assisted Care Residents Particularly Vulnerable In the fiscal year ended June 30, 2021, the U.S. Department of Justice (DOJ) brought more than 220 criminal and civil enforcement actions covering almost 20 […]

ATTORNEY NEWSLETTER Broker Allegedly Defrauded Seniors Out Of $2.4 Million Allegedly Offered “Safe” Investments Which Were Fake Also Allegedly Made Unauthorized Trades The U.S. Securities and Exchange Commission (SEC) polices financial markets to protect the public from fraud.  The SEC’s Enforcement Division includes a Retail Strategy Task Force that in […]

ATTORNEY NEWSLETTER Financial Elder Abuse Alleged Over A Ten-Year Period Victim Sold 23 Annuities Over 10 Years Suspects Allegedly Isolated Victim From Family And Friends Isolation of older persons is a common theme in cases of financial elder abuse.  Another common thread is when a stranger convinces a senior to […]

ATTORNEY NEWSLETTER Questionable Sales Tactics Targeting Seniors Deferred Annuities Are Illiquid, Expensive And Poor Performing “Teaser” Interest Rates And Unsuitable Exchanges Deferred annuities contracts are expensive and complex insurance policies.  Deferred annuities are not investments in index funds despite labels like indexed annuities.  Evans Law Firm, Inc. recommends against annuities […]

ATTORNEY NEWSLETTER Caregiver Allegedly Stole Checks From Eight Residents Checks Forged And Cashed Out Of State Arrest For Numerous Criminal Counts Theft of cash, checks or credits card is a constant risk for seniors who have caregivers or other strangers enter their, particularly if the senior lives alone.  But seniors […]

ATTORNEY NEWSLETTER Advisor Allegedly Withdrew Funds From Client’s Trust Authorities Discover 20 Fraudulent Letters Of Withdrawal Money Spent On Vacations And Luxury Cars Seniors may be financially exploited from pretty much any direction. Even trusted financial advisors of years may exploit elderly clients. Taking someone else’s money without their knowledge […]

ATTORNEY NEWSLETTER Using A Power Of Attorney To Steal Abusers Revoke Prior Powers Recourse For Victims And Their Families Powers of Attorney (POAs) can cover financial matters and also health and personal care matters and medical needs.  The California Probate Code provides standard forms for both types of POAs.  See […]

ATTORNEY NEWSLETTER Five-Year Scheme Targeted Retirees $25 Million In Losses To More Than 300 Victims Financial Advisor Sentenced To 35 Years In Prison Unscrupulous financial advisors, insurance agents and retirement planners (among others) often target seniors with their fraudulent schemes.  Typically, the approach is to offer a senior an investment […]

ATTORNEY NEWSLETTER Elder Justice Initiative Increased Prosecution Of Elder Abuse At Federal Level Protecting Your Loved Ones From Financial Exploitation Under the Biden Administration, the federal government is taking new steps against the epidemic of elder abuse in this country.  The U.S. Department of Justice (DOJ) has committed to an […]