Category: financial elder abuse

ATTORNEY NEWSLETTER The National Center on Elder Abuse wants to make the public aware of “The Grandparent Scam,” a scam targeting the elderly. The Grandparent Scam attempts to get an elderly person to wire a large sum of money, and losses are usually several thousand dollars per victim. In the […]

ATTORNEY NEWSLETTER California financial elder abuse attorneys urge senior citizens and their loved ones to be alert for signs of financial elder abuse. Financial elder abuse occurs when a senior is financially exploited, often without the victim’s knowledge. Oftentimes the exploiter may be a family member or someone else close […]

ATTORNEY NEWSLETTER Los Angeles detectives are urging victims of an elder abuse scam to come forward, after two women were arrested earlier this month and charged with attempted elder abuse, attempted grand theft and conspiracy. The two women, Margaret Souza, 48, and Teneca Wilson, 31, are alleged to have met […]

ATTORNEY NEWSLETTER FINRA, the national association of securities traders, has published new research on how financial abuse affects victims. The study aimed to look at financial fraud from the victim’s perspective, including their experiences, reactions, and the potential indirect financial costs and non-financial consequences of being defrauded. The report issued […]

ATTORNEY NEWSLETTER A settlement involving over 200,000 senior citizens was recently approved in a California District Court lawsuit against Allianz Life Insurance Company of North America for the sale of deferred annuities to elderly victims. The class members in the class action lawsuit were recently awarded approximately $250 million in […]

In 1987, the Nursing Home Reform Law passed through the federal government, issuing a standard “bill of rights” for all elderly residents of nursing homes across the country. While these rights can help older residents who may fear financial or physical abuse in a nursing home, they are not widely […]

ATTORNEY NEWSLETTER A report released by the Financial Conduct Authority in February 2014 said that the deferred annuities market is messy and that customers are not getting the deals that they deserve. Deferred annuities are a type of investment popular with seniors and elders. Athene USA, known more as Aviva […]

ATTORNEY NEWSLETTER While seniors and elders would prefer to be able to trust their closest friends and family, the fact is, those are the very people that may be hurting seniors and elders. Whether it is sons and/or daughters stealing from grandparents, or long-time friends suddenly in “dire” financial straits, […]

ATTORNEY NEWSLETTER Seniors and elders are the main targets for insurance and annuity scams. Scammers may set up fake insurance companies or loan seniors and elders money to invest in insurance using fake applications so when the senior or elder dies, the scammer receives all the money. Read the following […]

Seniors and elders who are looking to or currently are investing in products should be aware of a few concerns to make sure they make right investment choices: