Category: San Francisco Financial Elder Abuse

ATTORNEY NEWSLETTER Defendant Was Accountant And Financial Advisor To Elderly Promised High Rates Of Return Several Victims Lost Life Savings Financial predators may target older investors with high-yield ventures, seizing on senior anxiety about the stock market, their need for future income, escalating inflation, and rising health care costs. The […]

ATTORNEY NEWSLETTER Victim’s Friend Notices Missing Cash Allegedly Taken Over A Four-Day Period Full Restitution And Prison Sentence Accessible cash is often the first thing a dishonest caregiver may take if they’re working in a senior’s home.  Whenever a dishonest caregiver or other stranger enters a senior’s home, cash and […]

ATTORNEY NEWSLETTER Multiple Unauthorized Credit Card Charges Alleged 71-Year-Old Bedridden Victim Caregiver And Husband Accused Of Spending Spree With Victim’s Cards Unscrupulous caregivers strike quickly if they can access cash, checks, ATM cards, credit cards, and jewelry.  Whether caregiver theft or fraud is a one-time act or a sequence of […]

ATTORNEY NEWSLETTER Claims Of Attorney-in-Fact Misuse Of POA $891,000 In Damages Sought  Recovering Stolen Home Financial powers of attorney (POAs) are significant legal instruments which grant appointed agents full legal authority to act for the principal who executes the POA.  The person appointed under the POA is called the Principal’s […]

ATTORNEY NEWSLETTER Penalties On Withdrawals And Contract Fees Complex Interest Crediting Rules Risks Of Loss Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange from an income stream in years to come.  The principal sounds simple enough but in fact deferred annuities, like fixed […]

ATTORNEY NEWSLETTER Powers Of Attorney Are Important Legal Instruments Possibility Of Abuse Always Present How Powers Of Attorney Can Be Misused Powers of Attorney (POAs) are important and powerful legal documents that grant the agent appointed under the POA full legal authority to act for the principal who executes the […]

ATTORNEY NEWSLETTER 89-year-Old Victim Man Used Forged Power Of Attorney To Sell Victim’s Home Claimed To Be Victim’s Nephew Powers of Attorney (POAs) are incredibly important – and powerful – legal instruments.  Sometimes, they are essential when the principal needs their appointed agent to take care of a business matter […]

ATTORNEY NEWSLETTER Elderly Victims Lose $480,000 Advisor Uses Client Money To Enrich Himself Three-Year Scheme Against Elderly Clients Financial predators can be strangers or new friends or caregivers entering a senior’s life or those the senior has known and trusted for years.  Unscrupulous stock promoters and financial advisors may prey […]

ATTORNEY NEWSLETTER Years Of Fraudulent Checks Alleged Unlicensed Caregiver Had Prior Criminal History Apprehended Trying To Cash Check After Victim Died Older victims lose more than $3 billion annually as a result of financial elder abuse, according to FBI and National Institute of Justice statistics. As many as one in […]

ATTORNEY NEWSLETTER Online Bank Transfers Victim Abandoned For Hours Victim Found Wandering In Road No one should ever let a stranger in their home.  Particularly if you are an older person living alone.  A dishonest stranger posing as a caregiver can rapidly take advantage of an isolated senior.  When a […]