Category: Investment Fraud

ATTORNEY NEWSLETTER Agents Target Seniors To Buy Annuities Annuities Aer Expensive And Tie Up Your Money For Years Substantial Penalties For Withdrawals During Early Contract Years Evans Law Firm, Inc. recommends seniors avoid deferred annuities because deferred annuity contracts are expensive and complicated and tie up a senior’s money for […]

ATTORNEY NEWSLETTER 73-Year-Old Victim Theft From Joint Account With Victim Over $600,000 In Unauthorized Withdrawals Financial abuse is a common problem with elderly people for many reasons. Sometimes, elder abusers may be suffering from mental impairments such as Alzheimer’s or dementia. These health issues can be exploited by the perpetrator to take […]

ATTORNEY NEWSLETTER Insurance Agent Sentenced For Investment Fraud Targeting Seniors Misrepresentations About Highly Speculative Investments 20-70% Of Money Received Pocketed As Fees Unscrupulous insurance agents, financial advisors, brokers and investment promoters seize on older investors’ anxiety about inflation and soaring health care costs to offer investments that promise above-market returns […]

ATTORNEY NEWSLETTER Understanding These Complicated, Long-Term Insurance Policies Commissions, Fees And Surrender Penalties Dangers In Replacements And Exchanges Of Contracts Evans Law Firm, Inc. recommends against annuities for older consumers because these complex, expensive forms of insurance tie up a senior’s money for years and impose significant penalties if you […]

ATTORNEY NEWSLETTER Adviser Sentenced And Ordered To Pay $12.5 Million In Restitution Charges Of Defrauding Retirees Over A Seven-Year Period Failed To Disclose History Of Industry Disciplinary Actions Fraudulent investment schemes against elderly victims violate federal and State securities laws, wire and mail fraud laws, theft, and financial elder abuse, […]

ATTORNEY NEWSLETTER Agents Target Seniors For Annuity Sales Beware Of Questionable Sales Tactics Questions To Ask And Red Flags For Consumers Evans Law Firm, Inc. recommends seniors avoid deferred annuities because deferred annuity contracts are expensive and complicated and tie up a senior’s money for years. If you are approached […]

ATTORNEY NEWSLETTER Complex Policies Not Easily Understood Return Calculations Complicated  Surrender Penalties, Increased Premiums, And Policy Lapses Evans Law Firm, Inc. generally cautions against indexed universal life insurance (IULs) for senior consumers because IULs are expensive, complicated, and tie up invested money for long periods of time.  One observer put […]

ATTORNEY NEWSLETTER Defendant Allegedly Ran Scheme For Ten Years $32 Million In Losses To Elderly Investors Charges Of Financial Elder Abuse, Forgeries, And Theft Financial elder abuse can be limited to isolated transactions exploiting the elderly or can be a largescale fraud striking numerous elderly victims.  Seniors are often targets […]

ATTORNEY NEWSLETTER Aggressive Sales Tactics Inadequate Supervision And Omissions Of Important Information Misleading Sales Materials Annuity fraud takes place when seniors are sold annuity products they do not want or need. Insurance agents push these products because the sales generate substantial commissions and the carriers receive large premium payments. Evans […]

ATTORNEY NEWSLETTER California AG Alleges $1.3 Million Fraud Charges Of Theft, Securities Fraud And Financial Elder Abuse Six Victims Of Fraudulent Scheme Largescale fraudulent investment schemes against elderly victims violate securities laws constitute financial elder abuse.  See Cal. Corp. Code §§ 25401, 25540 and 25541 (fraud in securities offerings; Penal […]