Category: Financial Exploitation

ATTORNEY NEWSLETTER Many Victims Lost All Their Retirement Savings Homes At Risk Of Foreclosure Scheme Began Decades Ago Financial elder abuse can be limited to isolated transactions exploiting the elderly or can be a largescale fraud striking numerous elderly victims.  Seniors are often targets of Ponzi schemes, where money collected […]

ATTORNEY NEWSLETTER Investment Advisor Knew Seniors For Many Years False Promises Of Investment Opportunities Elderly Couple Lose Entire Life Savings While often the financial predators of seniors are newcomers in their lives or even total strangers, seniors may also be victims of financial elder abuse from those the senior has […]

ATTORNEY NEWSLETTER Home Health Aide For 90-Year-Old Arrested Allegedly Used Debit Cards For $26,000 In Unauthorized Purchases Victim’s Family Alerted Police Of Suspicious Card Activity Dishonest caregivers with access to credit cards and debit cards of their elderly patients may quickly use the cards for unauthorized purchases and withdrawals.  Greedy […]

ATTORNEY NEWSLETTER Policies Make It Expensive To Get Your Money Back Loss Of Investment Control In Changing Markets Returns Eroded By Commissions, Fees And Administrative Costs Deferred annuities are long-term insurance contracts which require you to lose control over your investment, and some annuities may earn little to no interest.  […]

ATTORNEY NEWSLETTER Civil Penalties And Criminal Charges For Misuse Examples Of Power Of Attorney Misuse Enhanced Remedies For Seniors Financial powers of attorney (POAs) grant full authority over a person’s financial affairs, and medical powers of attorney, known in California as an Advance Health Care Directives (AHCDs), grant authority over […]

ATTORNEY NEWSLETTER How Seniors Are Financially Exploited Signs Of Financial Abuse Noticing Social, Physical And Behavioral Clues As we age, we may grow dependent on the help of others.  The process may be gradual or sudden (as after a stroke or accident).  Either way, increased dependence on others open up […]

ATTORNEY NEWSLETTER Internal Audit Discovered 65 Unauthorized Checks Ordered To Pay $73,521.68 In Restitution Six Months Jail Sentence Seniors in assisted care or skilled nursing facilities face the risk of financial elder abuse by dishonest staff members similar to the risks seniors living at home do from dishonest in-home caregivers.  […]

ATTORNEY NEWSLETTER Financial Elder Abuse Rising Important Steps For Prote4cting Seniors Remedies For Financial Elder Abuse Financial exploitation of older Americans is not the inevitable consequence of growing old but the sad reality for millions of seniors in America every year. Seniors of every economic level, married or single, male […]

ATTORNEY NEWSLETTER Defendant Was Accountant And Financial Advisor To Elderly Promised High Rates Of Return Several Victims Lost Life Savings Financial predators may target older investors with high-yield ventures, seizing on senior anxiety about the stock market, their need for future income, escalating inflation, and rising health care costs. The […]

ATTORNEY NEWSLETTER Retirement Savings Lost Homes At Risk Of Foreclosure Scheme Began In The 1990s Financial elder abuse can be limited to isolated transactions exploiting the elderly or can be a largescale fraud striking numerous elderly victims.  Seniors are often targets of Ponzi schemes, where money collected from new investors […]