Category: Investment Fraud

ATTORNEY NEWSLETTER Deceptive Sales Practices Downsides of Deferred Annuities For Seniors Avoid High-Pressure Sales Tactics Insurance agents are paid significant sales commissions on sales of certain forms of deferred annuity insurance products.  Any high-pressure or deceptive tactics to sell these products, and sales of unsuitable annuities, violate the law and […]

ATTORNEY NEWSLETTER Multiple Elder Victims Of Fraudulent IRA Scheme Victims Lost All Retirement Savings Arbitration Panel Awards Victims $12 Million  Financial elder abuse can strike anyone either when a predator targets them individually or when they are part of a larger financial elder abuse scheme injuring multiple victims.  A Los […]

ATTORNEY NEWSLETTER Agents Target Seniors For Annuity Purchases The Primary Disadvantages Of Annuities For Seniors Check With Tax Advisor And Get A Second Opinion Evans Law Firm, Inc. recommends seniors avoid certain types of deferred annuities because deferred annuity contracts can be expensive and complicated and tie up a senior’s […]

ATTORNEY NEWSLETTER Allegedly Stole Seniors’ Retirement Assets Advisor Faces Up To 37 Years In Prison 15 Elderly Or Dependent Adult Victims Persons with direct access to a senior’s finances include individuals acting by power of attorney, or as trustee, guardian, conservator, broker, insurance agent, accountant, or other financial advisor to […]

ATTORNEY NEWSLETTER Agents Target Seniors With Retirement Planning Seminars The Goal Is To Sell Annuities Resist The Hype And Understand The Disadvantages Events like “retirement planning seminars” or “retirement consultations” typically devolve into annuity sales pitches by the hosting insurance agent.  Whenever an agent approaches you to consider a deferred […]

ATTORNEY NEWSLETTER Misrepresentations And Omissions Investment Scheme Targeting Retirees Most Invested Funds Pocketed As Fees Insurance agents may exploit older consumers by selling them expensive and unsuitable insurance products, or even offer unregistered “investments” that are far beyond the insurance policies the agents are licensed to sell.  These investment “opportunities” […]

ATTORNEY NEWSLETTER Seniors Targeted For Annuity Purchases Understand The Primary Disadvantages Always Get A Second Opinion 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.  Often, insurance agents out to make sales claims to […]

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 […]