Category: Financial Exploitation

ATTORNEY NEWSLETTER SEC Alert: Stories From The Front Line Major Red Flag: Spectacular Returns and “Guarantees” Seek Help If You Have Been Defrauded One significant forms of financial elder abuse is the sale to seniors of unsuitable insurance products.  These products, such as deferred annuities and some unsuitable life insurance […]

ATTORNEY NEWSLETTER Four Years Of Alleged Theft Authorities Allege Forged Checks And Checks To “Cash” Victim’s Trust Dissolved And Allegedly Paid Over To Caregiver Financial elder abuse by caregivers can range from the one-time theft of cash or an unauthorized use of a credit card to sustained embezzlement over years, […]

ATTORNEY NEWSLETTER Agents Oversimplify How Deferred Annuities Work The Dangers For Seniors Are In The Details Exchanging Existing Annuities Can Be Very Costly Deferred annuities come in various forms, but one of the products insurance agents promote for seniors are fixed indexed annuities (FIAs).  Agents sell FIAs to seniors in […]

ATTORNEY NEWSLETTER Authorities Allege Agent Stole $270,000 From Elder Client Agent Allegedly Used Power of Attorney to Embezzle Agent Accused Of Writing Checks To Himself Elderly persons, particularly those suffering from dementia, are vulnerable to financial elder abuse from caregivers, financial advisors, strangers, insurance agents and others.  Often the tool […]

ATTORNEY NEWSLETTER Churning and Unauthorized Trades In Elderly Clients’ Accounts FINRA Targets Financial Elder Abuse Large Arbitration Awards And Charges Seniors face financial elder abuse from a number of directions – caregivers, insurance agents, strangers, scammers, contractors, and financial advisors and stockbrokers to name but a few.  Caregiver theft is […]

ATTORNEY NEWSLETTER Cash, Credit Cards, Jewelry And Valuables Can Disappear A Single Caregiver Targeting Multiple Victims Protecting Older Loved Ones During The Pandemic Whenever a stranger enters the home of an elderly or disabled person, there is always a risk that something might be stolen.  It’s a sad truth but […]

ATTORNEY NEWSLETTER Carriers Pay Large Commissions On Annuity Sales High-Pressure Sales Tactics And Anxiety About The Economy Dangers In Replacing Existing Contracts Financial advisors and insurance agents often capitalize on the anxiety older persons have about the economy and whether they will have enough money to live on in the […]

ATTORNEY NEWSLETTER Greedy Caregivers Strike Quickly Seizing Accessible Cash And ATM Cards Hiding Bank Statements To Cover Up Theft Anytime a stranger enters the home of an elderly person, there is a risk of financial elder abuse. Caregivers especially have access to everything in an elder individual’s home and time […]

ATTORNEY NEWSLETTER Increased Isolation And Financial Abuse Caregivers Can Be Predators  Napa Caregiver Registration Authorities from around the country are reporting record spikes in financial elder abuse cases during the pandemic. Financial elder abuse is also on the rise here in Napa.  Periods of high unemployment and economic downturn such […]

ATTORNEY NEWSLETTER Elderly Churchgoers Swindled Out Of Millions Older Church Members Encouraged To Cash Out Other Investments  $3.5 Million Taken In Scheme Financial elder abuse can come from different actors and from different directions.  Sometimes, the predator is an individual in whom the victims have a great amount of trust, […]