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Category: Elder Financial Abuse

Orange County Financial Elder Abuse Attorney: Caregivers Accused Of Stealing Close To $500,000 From 96-Year-Old

ATTORNEY NEWSLETTER Had Victim Sign Blank Checks Checks Supposedly For Food And Expenses Family Member Discovers Alleged Fraud Betrayal of an elder’s trust by a dishonest caregiver may occur almost immediately when the dishonest caregiver enters a senior’s home or a sustained scheme over time which drains the senior’s bank […]

Santa Clara County Financial Elder Abuse Attorney: Police Charge Caregiver With Theft And Fraud Offenses

ATTORNEY NEWSLETTER Suspect Is Home Health Aid For 90-Year-Old Victim Caregiver Allegedly Used Debit Cards For $26,000 In Purchases Victim’s Family Alerts Police Of Suspicious Activity Dishonest caregivers with access to credit cards and debit cards of their elderly patients may quickly use the cards for unauthorized purchases and withdrawals.  […]

San Francisco Bay Area Financial Elder Abuse Attorneys: Broker Sentenced To Prison For Defrauding Elderly Clients

ATTORNEY NEWSLETTER Accused of Running $3.2 Million Fraudulent Investment Scheme One Elderly Client Defrauded Of $400,000 Ordered To Pay Restitution And Serve 6 ½ Years In Prison Financial advisors and stockbrokers are potential financial predators of senior citizens.  Sometimes, the relationship between the broker and the senior is brand new […]

San Francisco Financial Elder Abuse Attorney: “Helper” Accused Of Stealing $600,000 From 99-Year-Old Victim

ATTORNEY NEWSLETTER 99-Year-Old Victim’s “Helper” Charged With Theft Investigation Discovers Wire Transfers Of $582,647 Money Spent Paying Off Mortgage, A New Car And Vacations All seniors are potential victims of financial elder abuse.  The predators may be caregivers, second spouses, girlfriends or boyfriends, “new” friends, trustees, financial advisors, insurance agents, […]

Sep 24, 2022 - Annuities by |

Napa County Financial Elder Abuse And Annuity Attorney: Main Drawbacks Of Deferred Annuities For Seniors

ATTORNEY NEWSLETTER Long-Term Contracts With Surrender Penalties Loss Of Control Over Investments Low Or no Interest And High Fees Deferred annuities, such as fixed indexed annuities, are long-term, complex insurance policies which require you to lose control over your investment.  Some contracts may earn little to no interest, and if […]

Sonoma County Financial Elder Abuse Attorney: Retirement Home Nurse Arrested For Theft From 97-Year-Old Patient

ATTORNEY NEWSLETTER Alleged Fraudulent Purchases On Debit Card Victim Resident In Senior Living Community Victim Noticed Suspicious Charges On Statement Many of the reported cases of dishonest caregivers stealing from seniors occur in the senior’s own home when a dishonest in-home caregiver has access to financial records, checks, credit cards […]

Sep 21, 2022 - Annuities by |

San Francisco Financial Elder Abuse Attorney: Disadvantages For Older Consumers With Indexed Universal Life Policies

ATTORNEY NEWSLETTER Undisclosed Risks Indexed Universal Life Insurance Is “Massively Complex”  Fees Can Drain The Policy Indexed universal life insurance (IULs), like certain types of deferred annuities, generate significant sales commissions for the agents who sell them.  For that reason, some agents, eager to make a sale, may pressure consumers […]

Alameda County Financial Elder Abuse Attorney: Caregiver To Elderly Man Sentenced For Larceny As Hate Crime

ATTORNEY NEWSLETTER 96-Year-Old Victim Caregiver Allegedly Stole Over $53,000 Victim’s Family Discovers Theft After Victim’s Death Statistics show that the risk of financial elder abuse increases as we age; that is, a 90-year-old person is at greatest risk, say, than a 70-year-old.  Of course, the statistics are not surprising as […]

Orange County Financial Elder Abuse Attorneys: Signs Of Financial Exploitation And Cognitive Decline

ATTORNEY NEWSLETTER Financial Elder Abuse Of Seniors Signs Of Financial Exploitation Social, Physical And Behavioral Clues As we age, we may grow dependent on the help of others.  The process may be gradual or sudden (as after a stroke or accident).  Either way, increased dependence on others opens up the […]

Los Angeles Financial Elder Abuse Attorneys: Financial Elder Abuse By Power Of Attorney Misuse

ATTORNEY NEWSLETTER Criminal And Civil Penalties Examples Of Power Of Attorney Abuse Enhanced Remedies For Seniors Financial powers of attorney (POAs) grant full authority over a person’s financial affairs, and medical powers of attorney, known in California as an Advance Health Care Directives (AHCDs), grant authority over medical decisions and […]

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