Category: Elder Financial Abuse

ATTORNEY NEWSLETTER Disadvantages For Seniors Penalties For Exiting Deferred Annuities Commissions, Fees, And Withdrawal Penalties Whenever an insurance agent or financial advisor of any kind suggests an indexed annuity for you, be wary, especially if you are retired or nearing retirement.  Indexed annuities, like most deferred annuities, impose withdrawal penalties, […]

ATTORNEY NEWSLETTER Caregiver Fraud/Caregiver Theft On Elderly Victim Forged Checks Alleged Preventing Caregiver Fraud While all seniors are potential victims of financial elder abuse, those who are alone and under the care of an in-home caregiver are particularly at risk if the caregiver is a dishonest person looking to take […]

ATTORNEY NEWSLETTER Older Customers Targeted in Ponzi Scheme Severe Losses For Older Investors Warning Signs Of Investment Fraud Seniors are often targets of various kinds of investment fraud or securities fraud including Ponzi schemes, where money collected from new investors is used to pay existing investors, and there really is […]

ATTORNEY NEWSLETTER Case Example Of Caregiver Fraud/Caregiver Theft  86-Year-Old Victim Protecting Older Loved Ones From Caregiver Fraud Never hand an ATM/debit card or credit card to a caregiver and ask them to go get cash or make purchases.  Never give out any PIN numbers. Never give a caregiver or other […]

ATTORNEY NEWSLETTER Case Example Of Alleged Caregiver Fraud Prior Criminal History Alleged Preventing Caregiver Fraud/Caregiver Theft Financial elder abuse has become a national epidemic. As many as one in 10 vulnerable adults are potential targets, according to federal officials, and their financial predators are most often caregivers or other persons […]

ATTORNEY NEWSLETTER How Powers Of Attorney Used To Steal From Seniors Case Example Of Financial Elder Abuse By power Of Attorney Abuse Remedies For Victims And Heirs Individuals with financial powers of attorney (POAs) for someone else have full legal authority over that person’s financial affairs, unless the instrument limits […]

ATTORNEY NEWSLETTER Caregiver Stole To Spend On Gambling Targeted Vulnerable Victims Protecting Older Loved Ones From Financial Elder Abuse Gambling and alcohol and drug addiction can drive people to criminal behavior. People who act as caregivers may be gamblers or addicts, just like anyone else. If a caregiver with those […]

ATTORNEY NEWSLETTER Caregiver Theft Of Pension And Social Security Benefits Alleged Benefit Profiles Changed Online Protecting Older Loved Ones From Caregiver Fraud/Caregiver Theft Dishonest caregivers with unauthorized internet access may gain access to a senior’s pension or Social Security benefit profiles with just a few pieces of important information like […]

ATTORNEY NEWSLETTER Caregiver Fraud On Elderly Woman Alleged Fraudulent Account Access Alleged Victim’s Family Spots Alleged Theft According to FBI and National Institute of Justice statistics, as many as one in 10 seniors are victims of financial elder abuse. Their financial predators are most often caregivers or other persons in […]

ATTORNEY NEWSLETTER Multiple Fraudulent Transactions Alleged 82-Year-Old Victim Protecting Older Loved Ones From Financial Elder Abuse Stealing a senior’s debit or credit cards and making unauthorized charges are a common form of financial elder abuse. Whenever a dishonest caregiver or other stranger enters a senior’s home or nursing home room, […]