Category: Investment Fraud

ATTORNEY NEWSLETTER Broker Allegedly Defrauded Seniors Out Of $2.4 Million Allegedly Offered “Safe” Investments Which Were Fake Also Allegedly Made Unauthorized Trades The U.S. Securities and Exchange Commission (SEC) polices financial markets to protect the public from fraud.  The SEC’s Enforcement Division includes a Retail Strategy Task Force that in […]

ATTORNEY NEWSLETTER Financial Elder Abuse Alleged Over A Ten-Year Period Victim Sold 23 Annuities Over 10 Years Suspects Allegedly Isolated Victim From Family And Friends Isolation of older persons is a common theme in cases of financial elder abuse.  Another common thread is when a stranger convinces a senior to […]

ATTORNEY NEWSLETTER Unethical Agents And Aggressive Sales Tactics Deliberate Omissions Of Important Information False Promises And Misrepresentations Evans Law Firm, Inc. recommends against annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Deferred annuities impose significant surrender penalties […]

ATTORNEY NEWSLETTER SEC Whistleblower Awards Now Over $ 1 Billion Two Whistleblowers Awarded $114 Million For Assisting Investigation SEC Has Awarded Over 200 Individual Whistleblowers  Assistance and information from whistleblowers who know of possible securities law violations are among the most powerful weapons in the law enforcement arsenal of the […]

ATTORNEY NEWSLETTER Five-Year Scheme Targeted Retirees $25 Million In Losses To More Than 300 Victims Financial Advisor Sentenced To 35 Years In Prison Unscrupulous financial advisors, insurance agents and retirement planners (among others) often target seniors with their fraudulent schemes.  Typically, the approach is to offer a senior an investment […]

ATTORNEY NEWSLETTER Not The Same As Index Fund Investments High Sales Commissions, Fees And Withdrawal Penalties Annuities Are Not Insure Investments Whenever an insurance agent approaches you with a deferred annuity, like an indexed annuity dig a little deeper to understand how these indexed annuities operate in real life. Indexed […]

ATTORNEY NEWSLETTER Disadvantages of Deferred Annuities High Pressure Sales And Other Questionable Practices Replacements And Exchanges Particularly Disadvantageous Deferred annuities present real, potential problems for seniors through contract costs and especially the surrender penalties incurred when the policyholder wants to take his or her money out. When selling annuities to […]

ATTORNEY NEWSLETTER CFTC Charges Individual And Firm With Precious Metals Fraud Gold And Silver Scams Often Target Older Investors Financial Elder Abuse And Whistleblower Cases Precious metal dealers entice investors by promising to fulfill orders for silver or gold and actually deliver the metals to the investors.  Often the promised […]

ATTORNEY NEWSLETTER SEC Alert: Stories From The Front Line Major Red Flag: Spectacular Returns and “Guarantees” Seek Help If You Have Been Defrauded One significant forms of financial elder abuse is the sale to seniors of unsuitable insurance products.  These products, such as deferred annuities and some unsuitable life insurance […]

ATTORNEY NEWSLETTER Caregiver Allegedly Made Withdrawals With Senior’s ATM Card Stolen Money Sent Out Of United States Another Caregiver Alerts Police Forced isolation of seniors here in Alameda County as a result of the coronavirus has increased senior and dependent vulnerability to abuse from all directions and separated seniors from […]