Category: Financial Exploitation

ATTORNEY NEWSLETTER Attorney General Bonta Brings Charges 15 Individuals Charged With Ponzi Scheme Targeting Elderly Elderly Investors Allegedly Defrauded Out Of $5 Million Statistics show that seniors are more vulnerable to investment fraud than younger investors.  When they are, the actions of the wrongdoer also constitute financial elder abuse in […]

ATTORNEY NEWSLETTER Authorities Arrest Caregiver Accused Of Financial Elder Abuse And Theft Caregiver Allegedly Forced Senior To Approve Cash Withdrawal Charges Of Theft, Forgery And Financial Exploitation All seniors are potential victims of financial elder abuse, but some are more vulnerable than others.  Especially vulnerable are h isolated seniors requiring […]

ATTORNEY NEWSLETTER Agents Earn High Commissions On Deferred Annuity Sales The Riskier The Investment The Higher The Commission Commissions Versus Fee-Based Advice Risky investments like fixed indexed and variable annuities, non-traded REITs (real estate investment funds), and private placements typically pay out high commissions – some as high as 10% […]

ATTORNEY NEWSLETTER Seniors Targeted For Theft Of Cash And Credit Cards  Caregivers And Others With Access Unauthorized Purchases And Theft Of Cash Seniors are the most vulnerable segment of our population to risk of theft or financial exploitation.  Theft and abuse range from theft of relatively small amounts of cash […]

ATTORNEY NEWSLETTER CFTC Charges Individual And Firm With Precious Metals Fraud Gold And Silver Scams Often Target Older Investors Financial Elder Abuse And Whistleblower Cases Precious metal dealers entice investors by promising to fulfill orders for silver or gold and actually deliver the metals to the investors.  Often the promised […]

ATTORNEY NEWSLETTER Registered Broker Admits Stealing From 73-Year-Old Client Allegedly Convinced Client To Open Joint Account Unauthorized Withdrawals Over Two-Year Period Fraud against older investors by their financial advisors and brokers has become an all too frequent occurrence in recent years.  Unscrupulous advisors use an older client’s memory problems, loss […]

ATTORNEY NEWSLETTER World Elder Abuse Awareness Day 2021 Staying In Touch More Important Than Ever Post-Pandemic Steps For Protecting Seniors Today, June 15, is World Elder Abuse Awareness Day.  World Elder Abuse Awareness Day (WEAAD) was launched on June 15, 2006 by the International Network for the Prevention of Elder […]

ATTORNEY NEWSLETTER Caregiver Allegedly Cashed 126 Checks Off Elder’s Account Dissolved A Trust And Gifted Proceeds Allegedly Wrote Check Day After Victim Died Financial elder abuse can strike any senior, rich or poor, male or female, living at home or residing in a care facility.  There are a variety of […]

ATTORNEY NEWSLETTER Alleged Caregiver Theft  Of Jewelry, Gold And Valuables Multiple Victims According To Police  Theft Risk From In-Home And Facility Caregivers Many older people maintain their independence right up until the end of life.  But that is not the case for most – most seniors will require some kind […]

ATTORNEY NEWSLETTER 76-Year-Old Customer Alleged Account Mismanagement Charges Of Financial Abuse, Negligence And Breach of Fiduciary Duty  FINRA To Arbitrate Dispute Financial elder abuse strikes seniors from a number of directions – caregivers, insurance agents, strangers, scammers, contractors, and financial advisors and stockbrokers to name but a few.  Some forms […]