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Category: Elder Financial Abuse

Dec 24, 2021 - Annuities Fraud by |

Santa Cruz County Financial Elder Abuse And Annuity Attorney: Problems With Fixed Indexed Annuities

ATTORNEY NEWSLETTER Understanding Fixed Indexed Annuities Fees And Complicated Return Calculations  Lengthy Surrender Periods  Agents who sell deferred annuities like fixed indexed annuities to seniors receive a commission as high as 10% on the sale. Fixed indexed annuities are sold during times of volatile markets as offering security against falling […]

San Francisco Financial Elder Abuse Attorney: Caregiver Sentenced For Stealing $363,000 From Elderly Couple

ATTORNEY NEWSLETTER 1500 Unauthorized Transactions Discovered By Authorities Caregiver Accessed Retirement, Checking And Savings Accounts Elderly Husband And Wife Suffer From Alzheimer’s Unscrupulous caregivers with access to a senior’s bank account information can, if undetected, execute unauthorized transfers and withdrawals and forge checks to drain those accounts for themselves.  Seniors […]

San Francisco Financial Elder Abuse Attorneys: Former Financial Advisor Sentenced To 78 Months In Prison For $2 Million Ponzi Scheme Targeting Elderly Investors

ATTORNEY NEWSLETTER Government Charges Defendant Ran Scheme For Nine Years Victims Primarily Elderly Investors False Promise Of Guaranteed Income And Other Misrepresentations Financial elder abuse can strike a particular senior citizen or can be a largescale fraud striking numerous elderly victims such as investment fraud like a Ponzi scheme, where […]

Dec 20, 2021 - Annuities by |

Sonoma County Financial Elder Abuse And Annuity Attorney: Unsuitable Annuities For Seniors

ATTORNEY NEWSLETTER Unsuitable Insurance For Seniors Questionable Sales Tactics Red Flags For Consumers Insurance companies may offer commissions as high as 10 percent to agents to sell products like long-term deferred annuities to senior citizens. In this environment, consumers should arm themselves with information to protect their interests. Evans Law Firm, […]

Dec 14, 2021 - Banking Fraud by |

San Francisco Financial Elder Abuse Attorney: Bank Accused Of Violating Elder Abuse Protections By Facilitating Suspicious Activity In Senior’s Account

ATTORNEY NEWSLETTER Suit Alleges Suspicious Wire Transfers, Cash Withdrawals And Advances Victim Allegedly Lost $370,000 Fraudulent Wires And Transfers Allegedly Executed At Six Bank Branches Seniors can be victims of theft and financial elder abuse in single transactions or may be victimized by an entire series of fraudulent transactions or […]

Dec 13, 2021 - Annuities by |

San Mateo County Financial Elder Abuse And Annuity Attorney: Questionable Sales Techniques Of Unsuitable Annuities

ATTORNEY NEWSLETTER Prohibitions Against Sales Of Unsuitable Insurance Policies Unsuitable Sales To Seniors Is Financial Elder Abuse Red Flags In Sales Pitches Insurance agents who sell unsuitable insurance products, including indexed annuities, to seniors violate the California Insurance Code and Financial Industry Regulatory Authority (FINRA) regulations against the sale of […]

San Francisco Financial Elder Abuse Attorneys: Couple Allegedly Used Power Of Attorney To Steal From Dementia Sufferer

ATTORNEY NEWSLETTER Victim Suffered From Alzheimer’s $117,000 In Suspicious Transactions In Bank Account Audit Uncovers Misuse Of Power Of Attorney Financial Powers of Attorney (POAs) grant the agent acting under them broad powers over virtually all of a principal’s financial affairs and allow access to bank accounts.  See Cal. Prob. […]

San Francisco Financial Elder Abuse Attorney: Caregiver Arrested For Theft From Elderly Woman

ATTORNEY NEWSLETTER Family Discovers Large, Unusual Transactions Caregiver Had Senior’s Credit Card And Checks Caregivers Alleges That Senior Made Gifts To Her There is a very real danger of theft and financial elder abuse whenever a caregiver has access to a senior’s credit cards, cash, checks, or bank account information.  […]

San Francisco Financial Elder Abuse Attorney: Former Caregiver Accused Charged With Stealing And Withholding Care From Facility Residents

ATTORNEY NEWSLETTER Caregiver Arrested On 99 Felony And 11 Misdemeanor Charges Accused Of Stealing Jewelry, Money And Drugs Also Charged With Withholding Care From 44 Residents Seniors under the care of other persons are at risk of all manner of elder abuse, including financial, emotional, physical, and sexual abuse.  Often, […]

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