Category: Financial Exploitation

ATTORNEY NEWSLETTER Registered Broker Admits Stealing From 73-Year-Old Client Allegedly Convinced Client To Open Joint Account Unauthorized Withdrawals Over Two-Year Period Fraud against older investors by their financial advisors and brokers has become an all too frequent occurrence in recent years.  Unscrupulous advisors use an older client’s memory problems, loss […]

ATTORNEY NEWSLETTER World Elder Abuse Awareness Day 2021 Staying In Touch More Important Than Ever Post-Pandemic Steps For Protecting Seniors Today, June 15, is World Elder Abuse Awareness Day.  World Elder Abuse Awareness Day (WEAAD) was launched on June 15, 2006 by the International Network for the Prevention of Elder […]

ATTORNEY NEWSLETTER Caregiver Allegedly Cashed 126 Checks Off Elder’s Account Dissolved A Trust And Gifted Proceeds Allegedly Wrote Check Day After Victim Died Financial elder abuse can strike any senior, rich or poor, male or female, living at home or residing in a care facility.  There are a variety of […]

ATTORNEY NEWSLETTER Alleged Caregiver Theft  Of Jewelry, Gold And Valuables Multiple Victims According To Police  Theft Risk From In-Home And Facility Caregivers Many older people maintain their independence right up until the end of life.  But that is not the case for most – most seniors will require some kind […]

ATTORNEY NEWSLETTER 76-Year-Old Customer Alleged Account Mismanagement Charges Of Financial Abuse, Negligence And Breach of Fiduciary Duty  FINRA To Arbitrate Dispute Financial elder abuse strikes seniors from a number of directions – caregivers, insurance agents, strangers, scammers, contractors, and financial advisors and stockbrokers to name but a few.  Some forms […]

ATTORNEY NEWSLETTER SEC Alert: Stories From The Front Line Major Red Flag: Spectacular Returns and “Guarantees” Seek Help If You Have Been Defrauded One significant forms of financial elder abuse is the sale to seniors of unsuitable insurance products.  These products, such as deferred annuities and some unsuitable life insurance […]

ATTORNEY NEWSLETTER Four Years Of Alleged Theft Authorities Allege Forged Checks And Checks To “Cash” Victim’s Trust Dissolved And Allegedly Paid Over To Caregiver Financial elder abuse by caregivers can range from the one-time theft of cash or an unauthorized use of a credit card to sustained embezzlement over years, […]

ATTORNEY NEWSLETTER Agents Oversimplify How Deferred Annuities Work The Dangers For Seniors Are In The Details Exchanging Existing Annuities Can Be Very Costly Deferred annuities come in various forms, but one of the products insurance agents promote for seniors are fixed indexed annuities (FIAs).  Agents sell FIAs to seniors in […]

ATTORNEY NEWSLETTER Authorities Allege Agent Stole $270,000 From Elder Client Agent Allegedly Used Power of Attorney to Embezzle Agent Accused Of Writing Checks To Himself Elderly persons, particularly those suffering from dementia, are vulnerable to financial elder abuse from caregivers, financial advisors, strangers, insurance agents and others.  Often the tool […]

ATTORNEY NEWSLETTER Churning and Unauthorized Trades In Elderly Clients’ Accounts FINRA Targets Financial Elder Abuse Large Arbitration Awards And Charges Seniors face financial elder abuse from a number of directions – caregivers, insurance agents, strangers, scammers, contractors, and financial advisors and stockbrokers to name but a few.  Caregiver theft is […]