Category: Financial Exploitation

ATTORNEY NEWSLETTER The Complexities of Probate Code 21350 And Why It Is Now 21380 What is Probate Code 21350? California Probate Code 21350, introduced in 2010, prohibited caretakers of the elderly from receiving any gifts under their elderly patient’s will once the patient died. While the intent of the statute […]

ATTORNEY NEWSLETTER Caregiver Fraud In Contra Costa and Beyond Caregiver Fraud Sadly, cases of caregiver fraud are all too frequent these days. On many occasions, the victims and loved ones are not remotely aware of the fraud until the financial injury is so great that it can no longer be […]

ATTORNEY NEWSLETTER Responsibility Matters: What to Know and How to Do It Whistleblowing Whistleblowing is a difficult topic, often because people are reluctant to do it out of uncertainty or unease or, worse, fear of retaliation. But in many cases it is the responsible course of action when one is […]

Investment News reported recently about a substantial fine imposed on Valic Financial Advisors Inc.  (VFA).  VFA is owned by subsidiaries of American International Group, Inc., which is a major insurance provider selling life insurance and annuities, among other products. There are more than 1,350 financial advisers who work for VFA […]

Recently, several major media outlets, including CNBC and Yahoo News, published reports on the role that financial advisors can play in combatting elder abuse. When these major media outlets wanted to get key background information on the ways in which financial advisors help to address the crisis of abuse among […]

ATTORNEY NEWSLETTER SEC Whistleblower Program Awards The Securities and Exchange commission has just doled out it’s second-largest award ever, a whopping $17 million, to a Wall Street employee who provided insider information that helped advance an SEC investigation. Due to the nature of the investigation and the anonymity of the […]

ATTORNEY NEWSLETTER Understanding and Preventing Elder Abuse It’s becoming increasingly apparent that financial elder abuse is a serious concern not only to seniors and their families, but to society at large. A new study by Metlife suggests that financial abuse costs elders almost $3 Billion every year. This money is […]

ATTORNEY NEWSLETTER How Can We Protect Seniors From Financial Abuse? Elder abuse is seen by con artist as an easy crime to get away with, especially when the victims suffer from cognitive decline or memory loss. Moreover, the scammer may come from anywhere: a total stranger who pretends to give […]

ATTORNEY NEWSLETTER New FINRA Rules aim to protect victims of Financial Elder Abuse FINRA, the Financial Industry Regulatory Authority, is planning to roll out a new set of rules aimed at curbing the financial abuse of elders, which has become an increasing problem in the last few decades. Theft, scams, […]

Hospital in California Allegedly Involved in a Healthcare Fraud Including Kickbacks, Justice Claims $600 Million in Return ATTORNEY NEWSLETTER In California, the Pacific Hospital is involved in a healthcare fraud case with an alleged $600 million in falsified billing in an eight-year period. The scheme was allegedly created by the […]