Category: Financial Exploitation

ATTORNEY NEWSLETTER Caregiver Allegedly Stole Checks From Eight Residents Checks Forged And Cashed Out Of State Arrest For Numerous Criminal Counts Theft of cash, checks or credits card is a constant risk for seniors who have caregivers or other strangers enter their, particularly if the senior lives alone.  But seniors […]

ATTORNEY NEWSLETTER Advisor Allegedly Withdrew Funds From Client’s Trust Authorities Discover 20 Fraudulent Letters Of Withdrawal Money Spent On Vacations And Luxury Cars Seniors may be financially exploited from pretty much any direction. Even trusted financial advisors of years may exploit elderly clients. Taking someone else’s money without their knowledge […]

ATTORNEY NEWSLETTER Using A Power Of Attorney To Steal Abusers Revoke Prior Powers Recourse For Victims And Their Families Powers of Attorney (POAs) can cover financial matters and also health and personal care matters and medical needs.  The California Probate Code provides standard forms for both types of POAs.  See […]

ATTORNEY NEWSLETTER Five-Year Scheme Targeted Retirees $25 Million In Losses To More Than 300 Victims Financial Advisor Sentenced To 35 Years In Prison Unscrupulous financial advisors, insurance agents and retirement planners (among others) often target seniors with their fraudulent schemes.  Typically, the approach is to offer a senior an investment […]

ATTORNEY NEWSLETTER Elder Justice Initiative Increased Prosecution Of Elder Abuse At Federal Level Protecting Your Loved Ones From Financial Exploitation Under the Biden Administration, the federal government is taking new steps against the epidemic of elder abuse in this country.  The U.S. Department of Justice (DOJ) has committed to an […]

ATTORNEY NEWSLETTER SEC Alleges Decades-Long Ponzi Scheme Over 400 Mostly Elderly Investors Were Victims Emergency Action Shuts Down Alleged Scheme Financial elder abuse can be abuse of a particular senior citizen or can be part of a scheme that targets multiple senior citizens for risky or inappropriate investments, or unsuitable […]

ATTORNEY NEWSLETTER Older Clients At Risk Of Abuse By Unscrupulous Advisors How Brokers Defraud Elderly Clients Protecting Against Financial Elder Abuse Seniors are vulnerable to financial advisors, brokers, insurance agents, trustees and others whether they are new advisors or persons with whom the senior may have had a relationship for […]

ATTORNEY NEWSLETTER Important Elder Protections Under The Law Provisional Remedies To Protect Seniors Attorneys’ Fees Awards Financial elder abuse is a crime and grounds for a civil lawsuit for damages under California law.  See Cal. Penal Code § 368 (crime of elder abuse) and Cal. Welf. & Inst. Code § […]

ATTORNEY NEWSLETTER Transfers Out Of 73-Year-Old Client’s Account Money Withdrawn For Personal Use Advisor Faces Up To 20 Years In Prison Access to a senior’s bank or investment account is an irresistible temptation for unscrupulous advisors and brokers.  Sometimes the advisor is a new acquaintance of the senior but sometimes […]

ATTORNEY NEWSLETTER Changing Estate Plans When Senior Lacks Capacity Holding Attorneys Accountable Individuals create trusts to hold their assets to avoid a lengthy probate process following death and make sure their estate passes to their spouse or children or grandchildren or other beneficiaries of their own choosing.  Typically, these trust […]