Monthly Archives: November 2020

ATTORNEY NEWSLETTER Insurance Agent Accused Of Stealing Seniors’ Premium Payments Allegedly Swindles 93-Year Old Client Funeral Insurance Policy Scam Seniors are vulnerable to financial elder abuse from many quarters, and insurance agents are among those who can swindle seniors out of money.  In one recently reported case,[1] police and the […]

ATTORNEY NEWSLETTER Home Ownership And Estate Planning Planning Ahead To Avoid Problems Recognize Potential For Financial Elder Abuse For most of us, our home is the largest, and most precious, asset we have.  As tied as we are to our home, it may not be possible to remain there until […]

ATTORNEY NEWSLETTER Fall Of Annuity Interest Rates Continues Reassess The Viability Of Annuities Avoid Getting Stuck In An Annuity Annuity interest rates have been in a freefall in 2020, and there are no signs ahead of any correction.  Collapsing annuity interest rates translate into collapsing monthly payouts when contracts begin […]

ATTORNEY NEWSLETTER Government Payments For Unproductive Work Contractors Settle False Claims Suit for $58 Million Blowing The Whistle On Improper Billing Improper billing by government contractors and service providers costs taxpayers millions of dollars every year.  Individuals with information about improper billing of the government may have grounds for bringing […]

ATTORNEY NEWSLETTER Commodity Futures Trading Commission Polices Bitcoin Trading Enforcement Action Charges Broker With False Representations  Customers Lose $7.4 Million In Bitcoin Investments On October 2, 2020, the U.S. Commodity Futures Trading Commission (CFTC) ordered a broker to pay $7.4 million[1] in restitution to two investors for making fraudulent representations […]

ATTORNEY NEWSLETTER Financial Advisor Embezzles $8 Million From Structured Settlement Funds Thirteen Individuals Swindled Out Of Annuity Funds Severely Disabled Child Among Victims Structured settlements operate essentially like annuities paying out an income stream from a fund of money set aside for that purpose.  Structured settlements are often  used for […]

ATTORNEY NEWSLETTER New SEC Rules Favor Whistleblowers Over $500 Million Has Been Rewarded To Whistleblowers Whistleblowers Help SEC Recover Over $2.5 Billion Recently, the U.S. Securities and Exchange Commission (SEC) announced several rule changes expanding the rewards rules for persons who blow the whistle to the SEC on securities fraud.  […]

ATTORNEY NEWSLETTER Learn About Some Red Flags OF Abuse Recurring Patterns In Elder Abuse Act On Any Suspicion Elder financial abuse affects thousands of seniors here in California every day.  Their financial predators may vary from in-home caregivers to insurance agents and stockbrokers and on to trustees, financial advisors, and […]

ATTORNEY NEWSLETTER Sexual Assaults And Lewd Acts By Caregivers 94-Year-Old Victim Powerless Against Assaults Bed-Ridden Dementia Patients Most Vulnerable The elderly and those with dementia are vulnerable to abuse even in the very facilities where their loved ones trust they will be safe.  Potential abuse includes sexual assault, rape or […]

ATTORNEY NEWSLETTER Coronavirus Compounds Problems For Elderly  Ageist Sentiments Growing Alarming Surge In Elder Abuse Older adults have been hit hard by COVID.  The mortality rate for persons in their 70s and 80s is  over five times that of younger persons who catch the virus. Even safety protocols work against […]