Category: Financial Exploitation

ATTORNEY NEWSLETTER The Securities and Exchange Commission recently issued an investor alert to inform investors about a type of investment scam. Affinity fraud is a form of investment scam that targets members of identifiable groups. The groups targeted could be religious, elderly, ethnic, or any other group that shares common […]

ATTORNEY NEWSLETTER According to an article in the Glendale News Press in December 2013, a 52- year-old man named Kaveh Vahedi was sentenced to prison. The defendant allegedly scammed millions of dollars out of many victims. It was alleged that his own elderly parents were victims of his scam. According […]

ATTORNEY NEWSLETTER Recent gains in the stock market have been a source of optimism for investors.  The rising stock market has also broadened the appeal of certain investments that are linked to stock performance.  Two kinds of life insurance policies that connect benefits to stocks are variable universal life and […]

ATTORNEY NEWSLETTER A Los Angeles area insurance agent accused of defrauding senior citizens was sentenced to five years in jail and ordered by the court to pay $1.2 million to compensate his victims.  He will serve his lockup time at the Los Angeles County Jail.   He was accused of participating […]

ATTORNEY NEWSLETTER A Wells Fargo financial professional recently helped to save a client from losing money in a scam targeting senior citizens.  The 78-year old client thought that he won an overseas lottery.  Instead, he became a victim of financial elder abuse via a typical lottery scam.  The Wells Fargo […]

ATTORNEY NEWSLETTER California has some of the toughest laws in the United States when it comes to protecting senior citizens from financial elder abuse.  According to Sacramento financial elder abuse attorneys, financial elder abuse is becoming common. Financial elder abuse is theft.  Often, the theft comes from within the family […]

ATTORNEY NEWSLETTER There was a Government Affairs Forum at the Arcadia Chamber of Commerce highlighting elder abuse earlier this month.  49th District Assemblyman Ed Chau spoke about the elder abuse legislation that he recently filed.  According to Assemblyman Chau and Arcadia elder abuse attorneys, we are seeing more instances of […]

ATTORNEY NEWSLETTER A bay area banking executive and former president of the Montclair Village Association has been accused using her position at a bank to embezzle money from elderly clients.  It is alleged that the banker defrauded at least five different elderly clients out of money totaling nearly $2 million […]

ATTORNEY NEWSLETTER A Bay Area couple was recently charged with elder abuse and accused of embezzling more than $800,000 from an elderly victim.  The couple took advantage of an elderly victim after the death of his wife left him emotionally vulnerable.  The money was spent on a variety of things, […]

ATTORNEY NEWSLETTER A recent study conducted by the United States Government Accountability Office analyzes the different forms of elder financial exploitation, and what methods federal agencies can employ to best deal with this problem. According to Marin County financial elder abuse lawyers, the GAO study indicates that the federal government […]