Category: financial elder abuse

ATTORNEY NEWSLETTER What Are Payable On Death Beneficiary Designations? Importance Of Keeping Designations Current Case Example Of What Can Go Wrong A payable on death (POD) beneficiary designation is a way to name a beneficiary who will automatically receive the assets of a bank, retirement, or other investment account or […]

ATTORNEY NEWSLETTER Older Customers Targeted in Ponzi Scheme Severe Losses For Older Investors Warning Signs Of Investor Fraud Seniors are often targets of Ponzi schemes, where money collected from new investors is used to pay existing investors, and there really is no actual investment of funds. Like the infamous Bernie […]

ATTORNEY NEWSLETTER Agency To Pay $100,000 Fine District Attorney Says Thousands Stolen From Patient Importance Of Background Checks<h3> Before you ever let a stranger into a senior’s home as a caregiver or in other capacity to work in the home, conduct your own background check on the individual.  Ask for […]

ATTORNEY NEWSLETTER Case Example Of Caregiver Fraud 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 person […]

ATTORNEY NEWSLETTER Case Example 85-Year-Old Victim Protecting Older Loved Ones Online account access and unauthorized use of debit and credit cards are two of the most widely seen kinds of theft from older persons.  The perpetrator of such theft is often a dishonest caregiver with in-home access to an elderly […]

ATTORNEY NEWSLETTER Elderly Woman Removed From Assisted Care Facility Caregiver Accused Of Adding Her Name To Accounts Victim’s Child Notified Authorities Of Suspicious Activity 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 […]

ATTORNEY NEWSLETTER Money Missing From Senior’s Bank Accounts “Gifts” And Multiple Fraudulent Checks Alleged Protecting Older Loved Ones 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 with access to their victims’ financial […]

ATTORNEY NEWSLETTER 71-Year-Old Victim Of Caregiver Fraud $53,000 In Unauthorized Checks And ATM Withdrawals Protecting Older Loved Ones Theft by unauthorized ATM withdrawals is an all too frequent form of financial abuse on the elderly. Never hand an ATM/debit card or credit card to a caregiver and ask them to […]

ATTORNEY NEWSLETTER Disadvantages Of Deferred Annuities For Seniors Getting Out Of A Contract Is Expensive Sales Commissions, Fees, Participation Rates And Caps 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, […]

ATTORNEY NEWSLETTER Excessive Payments To Caregiver Victim’s Family Spots Irregularities Protecting Seniors From Fraud California broadly defines what constitutes financial elder or dependent adult abuse: (a) “Financial abuse” of an elder or dependent adult occurs when a person or entity does any of the following: (1) Takes, secretes, appropriates, obtains, or retains […]