ATTORNEY NEWSLETTER
Claims of Coercion, Fraud And Financial Elder Abuse
Presley’s Lawsuit Seeks Over $1 Million In Damages
Protecting Older Persons From Fraud
While often the financial predators of seniors are newcomers in their lives or even total strangers, seniors may also be victims of financial elder abuse from those the senior has known for years like business associates, life insurance agents, stockbrokers or financial advisors. Dishonest persons who have held such positions for years are often entrusted with access to a senior’s financial accounts. Greedy associates and advisors may prey upon an older person’s anxiety about money for the future by offering bogus “opportunities” promising high returns. Any wrongful taking of a senior’s money constitutes financial elder abuse by those doing the taking and anyone assisting them. Cal. Welf. & Inst. Code § 15610.30 (definition of financial elder abuse). California broadly defines what constitutes financial elder or dependent adult abuse:
(a) “Financial abuse” of an elder or dependent adult occurs when a person or entity does any of the following:
(1) Takes, secretes, appropriates, obtains, or retains real or personal property of an elder or dependent adult for a wrongful use or with intent to defraud, or both.
(2) Assists in taking, secreting, appropriating, obtaining, or retaining real or personal property of an elder or dependent adult for a wrongful use or with intent to defraud, or both.
(3) Takes, secretes, appropriates, obtains, or retains, or assists in taking, secreting, appropriating, obtaining, or retaining, real or personal property of an elder or dependent adult by undue influence, as defined in Section 15610.70.
Evans Law Firm, Inc. can represent you if you lose money as a result of financial elder abuse anywhere in the San Francisco Bay Area or throughout California. If you have, call our lawyers today at (415)441-8669. Our toll-free number is 1-888-50EVANS (888-503-8267).
Priscilla Presley Financial Elder Abuse Lawsuit[1]
Priscilla Presley is suing several former business associates, alleging financial elder abuse and seeking over $1 million in damages. The widow of legendary rock musician Elvis Presley recently filed the case claiming she was forced into “a form of indentured servitude,” according to news reports. The 79-year-old is accusing a business associate and several others of conning her out of more than $1 million. In the documents, she called the primary defendant a “con artist and pathological liar,” who Presley claims gained control over her finances after convincing her that her former financial advisors were untrustworthy. According to the complaint, the two initially met in 2021, when the defendant was running a business selling Elvis memorabilia through an auction house. Over the course of their relationship, Presley says she was coerced into forming companies and signing contracts that allowed defendant to siphon off 80% of her income. In one allegedly fraudulent deal, Presley claims she was supposed to receive a $300,000 check that defendants wrongfully took. She also alleges that unauthorized withdrawals were made from her son’s bank account, as well as attempts to make deals capitalizing on the death of her daughter, Lisa Marie Presley, in 2023.
Protecting Loved Ones From Financial Elder Abuse
Always accompany a senior to any business or financial meetings they may have. Do not let them go alone. Make sure no one has the authority to access their accounts online or by the phone. Constantly monitor all bank and investment accounts. Trace where their funds are being invested and carefully review statements to see if they have been doctored or otherwise appear suspicious. Keep hard copies of all bank and investment firm records. You may need them as banks only keep records for seven years. Closely examine all bills that are being paid directly from any account to make sure they are your loved one’s bills and not the bills of someone else who has given the account information to their own creditors for bill payments. Accompany any older loved one to any business meetings so that they are not sold an unsuitable investment or insurance product or coaxed into signing blank forms or checks under the pressure of a broker or agent.
Contact Us
If you or a loved one has been the victim of financial elder abuse in the San Francisco Bay Area or elsewhere in California contact Ingrid M. Evans at Evans Law Firm, Inc. at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our toll-free number is 1-888-50EVANS (888-503-8267).
[1] Evans Law Firm, Inc. is not involved in the case in any way.
