Category: Financial Exploitation

ATTORNEY NEWSLETTER Caregivers and Financial Elder Abuse Comic Book Legend Stan Lee’s Caregiver Arrested for Theft and Elder Abuse Failing seniors are always at risk of financial exploitation and abuse by all kinds of abusers, including especially caregivers with the most proximity to their victims. Last week[1], in a case […]

ATTORNEY NEWSLETTER FINRA Fines Advisor For Misrepresentations Annuities and Retirement Plan Misrepresentations The Financial Industry Regulatory Authority (FINRA) polices investment advisory firms and other member financial organizations in their dealings with consumers. FINRA regulates individual advisors and also the supervision they’re under by their employers to ensure honesty with clients […]

ATTORNEY NEWSLETTER Cheating Elderly Investors A Rash of Ponzi Schemes Targeting Seniors Radio Show Host Arrested In $19.6 Million Ponzi Scheme In the latest of a rash of Ponzi schemes victimizing seniors,[1] a former financial advisor, Christian radio host and author has been arrested and charged with bilking at least […]

ATTORNEY NEWSLETTER Caregivers and Financial Elder Abuse Keep Checks, Credit and ATM Cards, Valuables and Important Papers in a Safe Place Caregiver Arrested for Writing Checks to Herself In-home caregivers have access to a senior’s identity, valuables, credit cards, bank accounts and important papers unless you keep them out of […]

ATTORNEY NEWSLETTER Financial Powers of Attorney and the Elderly A financial Power of Attorney (POA) is a very important legal document where the principal authorizes an agent to act on the principal’s behalf in business transactions and more.[1] Someone with a financial Power of Attorney has legal authority to transfer […]

ATTORNEY NEWSLETTER Brokers Exploit 79-Year-Old Client With Dementia How To Protect Your Senior Loved Ones The Financial Industry Regulatory Authority (FINRA) is the agency that polices stockbrokers and brokerage firms for compliance with laws meant to protect clients, including seniors, from fraud. In one recent case[1], FINRA permanently banned a […]

ATTORNEY NEWSLETTER Agent Hype Covers Up Downsides Know What’s In The Fine Print Annuities pay big sales commissions to agents. Carriers in turn design new products so agents have more inventory to pitch. Fixed indexed annuities are currently the hottest and most over promoted product in the annuity world. Agents […]

ATTORNEY NEWSLETTER Surviving Spouses Prey to Caregivers and Others How to Protect Your Children and Ensure They Inherit the Family House Consider Life Estates Sadly, there’s a repeating pattern of caregivers and others getting their hands on a senior’s property after a spouse of many years passes away. Isolated seniors […]

ATTORNEY NEWSLETTER The Pitfalls of Reverse Mortgages Problems for Surviving Spouses “Reverse mortgages are just a terrible idea for seniors, unless they have no other options.” That’s what our own Ingrid M. Evans recently told a reporter for realtor.com covering a story of a 79-year-old widow who may lose her […]

ATTORNEY NEWSLETTER Annuities Are Inherently Costly and Complicated Tying Up Your Money for Long Periods is Risky Industry reports say sales of annuities are up. That is not good news for consumers. These insurance products are costly, complicated, and risky and tie up your money for years, hostage to penalties […]