Category: Financial Exploitation

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.  […]

ATTORNEY NEWSLETTER CPA Allegedly Caught When Trying Transfer $500,000 To Himself  More Than $1.5 Million Allegedly Taken By Checks And Wires  CPA Allegedly Hired Unqualified Caregivers For Clients Powers of Attorney (POAs) are incredibly and powerful legal instruments that grant broad powers over virtually all of a principal’s affairs.  When […]

ATTORNEY NEWSLETTER Rising Premiums On Universal Life Policies Impact Seniors Potentially Misleading Policy Illustrations Low Rates Of Return Evans Law Firm, Inc. recommends against indexed universal life insurance and deferred annuities for senior consumers because both insurance products are expensive, complicated, and tie up invested money for long periods of […]

ATTORNEY NEWSLETTER Caregiver Arrested For Stealing Disabled Patients’ Benefits Impersonated Seven Patients To Obtain Their Government Benefits Identity Theft And Accessing Personal Information Elders and dependent adults are at risk of financial elder abuse and theft from the very persons who are entrusted to care for them.  Sometimes the theft […]

ATTORNEY NEWSLETTER Unregistered Securities And Illegal Schemes Unscrupulous Brokers And Advisors Prey On Older Investors Incidents Of Investment Fraud On Elderly Increasing In its recently released Elder Fraud Report, the FBI lists investment fraud against the elderly as one of the primary forms of financial elder abuse against older Americans.  […]

ATTORNEY NEWSLETTER Two Caregivers Charged With Theft And Financial Elder Abuse Accusations Of Numerous Forged Checks And Credit Card Charges Families Discover Account Irregularities Unscrupulous caregivers with access to a senior’s bank accounts, checks, checkbook or checking account statements, or any other accounts, ATM cards, credit cards or any financial […]

ATTORNEY NEWSLETTER 100,000 Complaints Of Financial Elder Abuse In 2020 FBI Froze $13.5 Million Before Victims Lost To Fraud Assisted Care Residents Particularly Vulnerable In the fiscal year ended June 30, 2021, the U.S. Department of Justice (DOJ) brought more than 220 criminal and civil enforcement actions covering almost 20 […]

ATTORNEY NEWSLETTER Broker Allegedly Defrauded Seniors Out Of $2.4 Million Allegedly Offered “Safe” Investments Which Were Fake Also Allegedly Made Unauthorized Trades The U.S. Securities and Exchange Commission (SEC) polices financial markets to protect the public from fraud.  The SEC’s Enforcement Division includes a Retail Strategy Task Force that in […]

ATTORNEY NEWSLETTER Financial Elder Abuse Alleged Over A Ten-Year Period Victim Sold 23 Annuities Over 10 Years Suspects Allegedly Isolated Victim From Family And Friends Isolation of older persons is a common theme in cases of financial elder abuse.  Another common thread is when a stranger convinces a senior to […]

ATTORNEY NEWSLETTER Questionable Sales Tactics Targeting Seniors Deferred Annuities Are Illiquid, Expensive And Poor Performing “Teaser” Interest Rates And Unsuitable Exchanges Deferred annuities contracts are expensive and complex insurance policies.  Deferred annuities are not investments in index funds despite labels like indexed annuities.  Evans Law Firm, Inc. recommends against annuities […]