Four suspects have recently been arrested in California and charged with elder abuse and other felony counts for running an alleged Ponzi Scheme. The suspects, affiliated with a company called Gold Country Lenders in Grass Valley, California, allegedly scammed and defrauded unsuspecting elder investors out of $2.3 million.
According to the state’s Attorney General Kamala Harris, the defendants “exploited personal relationships” with their elderly clients-turned-victims, resulting in a significant loss of personal assets and finances. The scamming of elders out of their finances by exploiting trust and vulnerability is unethical, unlawful, and all too common in the state of California.
The Evans Law Firm litigates on behalf of financial elder abuse victims. If you or a loved one has been the victim of a Ponzi scheme, investment fraud, or other financial elder abuse or scam in California, contact The Evans Law Firm at 415-441-8669 for a free and confidential consultation, or e-mail firstname.lastname@example.org.