Category: Investment Fraud

ATTORNEY NEWSLETTER Accused of Defrauding At Least 20 Clients Many Victims Were Seniors Or Disabled Persons SEC Says At Least $3 Million Stolen Financial advisors and stockbrokers are potential financial predators of senior citizens and disabled persons (dependent adults under California law).  Sometimes, the relationship between the broker and the […]

ATTORNEY NEWSLETTER Contract Expenses And Fees Exiting Is Costly Due To Withdrawal Penalties Annuities Are Not Insured Like Bank Deposits Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and […]

ATTORNEY NEWSLETTER Deferred Annuities Are Long-Term Insurance Contracts Downsides For Seniors Include Costly Surrenders Returns Eroded By Commissions, Fees, Participation Rates And Caps Deferred annuities are insurance contracts where the policyholder pays a premium to an insurance carrier now for income payments in the future. Sellers of deferred annuities include […]

ATTORNEY NEWSLETTER Costly Withdrawals From Contracts Locked Into Investment Strategies Commissions, Fees And Caps Diminish Returns Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some annuities may earn little to no interest.  If you try to exit the annuity contract, you will […]

ATTORNEY NEWSLETTER Be Wary Of Annuities In IRA Accounts Disadvantages Of Deferred Annuities Tax deferral is an important component of retirement savings.  In IRAs, 401(k)s, SEPs and the like retirement savings grow tax-free until it’s time to withdraw without penalty after age 59 ½.   Annuity salesmen often counsel consumers to […]

ATTORNEY NEWSLETTER Embezzled $2 Million From Elderly Clients Lured Seniors With False Promises Of High Returns Many Victims Lost Lifetime Of Savings Evans Law Firm, Inc. represents seniors themselves who are victims of financial elder abuse and the families of deceased seniors who have been financially exploited.  Often it takes […]

ATTORNEY NEWSLETTER Money Tied Up In Deferred Annuities For Years No Control Over How Your Money Is Invested Returns Diminished By Commissions, Fees And Caps Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some annuities may earn little to no interest.  If […]

ATTORNEY NEWSLETTER Deferred Annuities Present Potential Problems For Seniors Exiting Deferred Annuities Is Costly Policy Returns Eroded By Fees, Participation Rates And Caps Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money […]

ATTORNEY NEWSLETTER Deferred Annuities Have Disadvantages For Seniors Surrender/Withdrawal Penalties Make For Costly Exits Returns Eroded By Fees, Participation Rates And Caps Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for […]

ATTORNEY NEWSLETTER Attorney/CPA/Investment Advisor Allegedly Embezzled $2 Million Falsely Promised Seniors High Returns Funneled Investor Money Into Personal Accounts Evans Law Firm, Inc. represents seniors themselves who are victims of financial elder abuse and the children or other next of kin of deceased seniors who have been financially exploited.  Often […]