Category: financial elder abuse

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 Caregiver Theft From Elderly Couple Caregiver Fraud By Forgeries And Other Crimes Protecting Older Loved Ones From Caregiver Fraud/Caregiver Theft Many caregivers are hardworking, compassionate people who truly care for the older persons they take care of.  But the reality is that they are also dishonest, greedy, and […]

ATTORNEY NEWSLETTER Case Example Of Caregiver Fraud Dementia Victim Protecting Seniors From Caregiver Fraud While theft from any person is a crime, when the victim is over 65 any theft is also criminal financial elder abuse and grounds for civil liability against the person who took the property.  According to […]

ATTORNEY NEWSLETTER Stealing Pension And Social Security Benefits Dangers Of Online Access To Benefits Protecting Older Loved Ones Dishonest caregivers with internet access may gain access to a senior’s pension or Social Security benefit profiles with just a few pieces of important information like the senior’s date of birth and […]

ATTORNEY NEWSLETTER Case Example Of Caregiver Theft/Caregiver Fraud Unauthorized Online Transfers And Account Access Protecting Seniors For Financial Elder Abuse And Caregiver Fraud Unauthorized online money transfers are a common form of financial elder abuse perpetrated on older persons. Dishonest persons working for seniors in their homes as caregivers are […]

ATTORNEY NEWSLETTER What are Riders To Annuity Contracts? Costly With Little Benefit Other Contract Disadvantages Evans Law Firm, Inc. generally recommends against certain types of deferred annuities especially for seniors because these complex insurance policies carry high fees, lack transparency and are illiquid.  Even more problematic for older consumers are […]

ATTORNEY NEWSLETTER Misuse of Powers of Attorney Case Example Remedies For Victims Financial powers of attorney (POAs) are important legal instruments that grant full legal authority over a person’s financial affairs, unless the POA expressly limits the appointed agent’s power in some way.  The scope of the appointed attorney-in-fact’s powers […]

ATTORNEY NEWSLETTER Caregiver Entrusted To Pay Victim’s Bills Unpaid Rent Leads To Eviction Caregiver Allegedly Stole Thousands All seniors are potential victims of financial elder abuse, but isolated seniors living under the care of in-home caregivers are sadly particularly at risk.  Caregiver fraud/caregiver theft is a recurring form of elder […]

ATTORNEY NEWSLETTER Victim’s Pension and Social Security Benefits Redirected Online Access To Change Deposit Instructions Protecting Loved Ones From Financial Elder Abuse Anonymous online access to pension or Social Security benefit profiles or phone impersonations of seniors are frequent ploys by caregivers intent on stealing from unsuspecting older persons. Whenever […]

ATTORNEY NEWSLETTER Case Example Of Alleged Caregiver Fraud Authorities Say Caregiver Had Prior Criminal History Family Detects Fraud After Loved One’s Death 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 […]