Category: Financial Exploitation

ATTORNEY NEWSLETTER Defendants Accused Of Running $12 Million Ponzi Scheme 50 Reported Victims Include Many Seniors Victims Lost Retirement Savings Seniors may often be the targets in investment fraud schemes.   Promoters and financial advisors touting fraudulent schemes may lure older investors with supposed “opportunities” promising high returns, seizing on senior […]

ATTORNEY NEWSLETTER 73-Year-Old Disabled Victim Caregiver Allegedly Repeatedly Overpaid Herself Confused Victim Paid Caregiver Multiple Times For Same Hours Dishonest caregivers will take advantage of any impairment they perceive in the patients they’re paid to care for.  One primary impairment as patients age is their memory; while seniors may continue […]

ATTORNEY NEWSLETTER Steps To Protecting Seniors Adding A Trusted Contact To Financial Accounts How To Place A Hold On Accounts The Financial Industry Regulatory Authority (FINRA) is a non-governmental entity that governs the financial industry from within.  FINRA polices member investment firms for compliance with regulations meant to ensure integrity […]

ATTORNEY NEWSLETTER  “Ferris Bueller’s Day Off” Actress Suffers From Dementia Allegations Of Using Romance To Take Advantage Victim Has Been Taken Advantage Of Before Seniors and persons of all ranks of life may be victims of financial elder abuse.  Abuse strikes across all genders and socioeconomic groups.  When celebrities are […]

ATTORNEY NEWSLETTER Allegedly Misappropriated $305,000 In Client Funds Client’s Checks Cashed But Never Invested Money Spent For Broker’s Own Benefit Seniors are vulnerable to financial elder abuse by any number of financial predators including those entrusted to invest their money like stock brokers, investments advisers and bankers.  Sometimes the financial […]

ATTORNEY NEWSLETTER Allegations of Overbilling And Double-Billing  Billing For Services Never Provided Unauthorized Purchases Many of the reported cases of financial elder abuse of seniors that we discuss here occur at the hands of in-home caregivers.  A recently reported case by the Internal Revenue Service (IRS) illustrates how agencies employing […]

ATTORNEY NEWSLETTER Allegations of Altered Checks And Forgeries Relatives Report Bounced Checks For Insufficient Funds Unapproved Charges Appear On Debit Card We cannot emphasize strongly enough how important it is to keep checks and cash away from caregivers or other strangers who enter a senior’s home.  Nor can we stress […]

ATTORNEY NEWSLETTER Allegedly Transferred $950,000 Of Client Money To Himself Forged Compliance Officer’s Signature Transfers Occurred Over Four-Year Period Senior investors are at risk of being sold unsuitable annuities or investments or churning or unauthorized trades in their brokerage accounts because dishonest advisors may prey on their lack of financial […]

ATTORNEY NEWSLETTER Isolation And Economic Insecurity  History Of Discrimination Consumers lost more than $5.8 billion to financial elder abuse and fraud last year, up 70 percent from 2020, according to the Federal Trade Commission (FTC).  While anyone of any age can be victimized by financial abuse, some groups may be […]

ATTORNEY NEWSLETTER Wills And Competence Issues Undue Influence Over Elderly Will Contests Financial exploitation of older persons stretches from theft of cash, jewelry and checks froma senior’s home all the way to elaborate estate planning schemes arranged near the end of a senior’s life meant to enrich one or two […]