Category: Financial Exploitation

ATTORNEY NEWSLETTER SEC Alleges Decades-Long Ponzi Scheme Over 400 Mostly Elderly Investors Were Victims Emergency Action Shuts Down Alleged Scheme Financial elder abuse can be abuse of a particular senior citizen or can be part of a scheme that targets multiple senior citizens for risky or inappropriate investments, or unsuitable […]

ATTORNEY NEWSLETTER Older Clients At Risk Of Abuse By Unscrupulous Advisors How Brokers Defraud Elderly Clients Protecting Against Financial Elder Abuse Seniors are vulnerable to financial advisors, brokers, insurance agents, trustees and others whether they are new advisors or persons with whom the senior may have had a relationship for […]

ATTORNEY NEWSLETTER Important Elder Protections Under The Law Provisional Remedies To Protect Seniors Attorneys’ Fees Awards Financial elder abuse is a crime and grounds for a civil lawsuit for damages under California law.  See Cal. Penal Code § 368 (crime of elder abuse) and Cal. Welf. & Inst. Code § […]

ATTORNEY NEWSLETTER Transfers Out Of 73-Year-Old Client’s Account Money Withdrawn For Personal Use Advisor Faces Up To 20 Years In Prison Access to a senior’s bank or investment account is an irresistible temptation for unscrupulous advisors and brokers.  Sometimes the advisor is a new acquaintance of the senior but sometimes […]

ATTORNEY NEWSLETTER Changing Estate Plans When Senior Lacks Capacity Holding Attorneys Accountable Individuals create trusts to hold their assets to avoid a lengthy probate process following death and make sure their estate passes to their spouse or children or grandchildren or other beneficiaries of their own choosing.  Typically, these trust […]

ATTORNEY NEWSLETTER Access To Funds And Unauthorized Trades And Transfers Dangers Of Delegating Account Control Recourse For Elder Victims And Families Whenever someone has access to your money there is a risk that your money may be taken.  The risk is especially high for seniors who may be too trusting […]

ATTORNEY NEWSLETTER Government Arrests Nursing Home Business Officer And Aide  Access To Resident Financial Accounts Pair Allegedly Stole From 11 Residents All too frequently we read news stories of nursing home residents suffering from physical or sexual abuse, neglect or abandonment. Often the abuse and neglect result in death of […]

ATTORNEY NEWSLETTER Bookkeeper Accused Of Stealing Over $210,000  Charged With Elder Abuse, Wire Fraud And Money Laundering Police Allege Five Years Of Theft Seniors are vulnerable to financial abuse from any quarter including from the very persons they hire to take care of their financial affairs. Whenever, an unscrupulous person […]

ATTORNEY NEWSLETTER Charges Of Theft In Orange And Riverside Counties Multiple Investigations Under Way Theft Of Cash From Another Victim In-home caregivers have access to a senior’s jewelry, cash, valuables, credit cards, bank accounts and important papers unless you keep them out of reach. They also have access to a […]

ATTORNEY NEWSLETTER 74-Year-Old Widower And Dementia Sufferer Loses $5 Million Stranger Allegedly Completed More Than 120 Fraudulent Transactions Filled Suitcase With Stolen Cash And Sold Victim’s Home Financial elder abuse of seniors is a real problem throughout the State of California. Sometimes, the theft is relatively small, but often, if […]