Category: Financial Exploitation

ATTORNEY NEWSLETTER Dishonest Caregivers Getting “Added” To Patients’ Accounts Befriending Patients And False Representations How Families Can Protect Seniors Seniors are at risk of being financially exploited from many directions, including at the hands of dishonest in-home caregivers.  The methods for financially exploiting seniors vary from straight theft of cash […]

ATTORNEY NEWSLETTER  “Retirement Counseling” Sessions Be Wary Of Annuity Sales Soon-to-retire federal employees in California should use caution if they receive a flyer or see a poster for a “counseling session”, “workshop” or seminar. Also, you may just receive a flyer encouraging you to contact “retirement specialist” without any seminar […]

ATTORNEY NEWSLETTER Unauthorized Use Of Credit Cards Another Caregiver Alerts Police Of Irregularities Caregiver And Husband Charged Cash, checks, and credit cards within reach of a dishonest in-home caregiver is one common method of financial abuse of a dependent adult or senior.  Online access to accounts is another. Financial exploitation […]

ATTORNEY NEWSLETTER Financial POAs Are Dangerous Tools For The Dishonest Case Example of Largescale Abuse of POA Remedies For Injured Principals Financial powers of attorney (POAs) appoint designated persons to transact financial affairs on behalf of a “Principal.” The person appointed under the POA is called the Principal’s Attorney-in-Fact and […]

ATTORNEY NEWSLETTER All Seniors At Risk Of Elder Abuse Warning Signs Of Elder Abuse What To Do When You Suspect Elder Abuse Statistics reveal that as many as 1 in 10 older adults is abused or neglected each year in the United States, and that only 1 in 14 cases […]

ATTORNEY NEWSLETTER Suspect Reportedly Befriended Elderly Couple Obtained And Misused Wife’s Power Of Attorney Allegedly Obtained Fraudulent Loan And Made Unauthorized Purchases Elderly victims of financial elder abuse are often preyed upon in their own homes by dishonest in-home caregivers.  Sometimes the theft is as straightforward as taking cash or […]

ATTORNEY NEWSLETTER SEC Alleges Broker Stole $800,000 Stolen Funds Allegedly Hidden In Personal Accounts Other Complaints Of Misappropriated Funds All seniors are at risk of financial elder abuse. While strangers or new persons entering a senior’s life like a caregiver are often the predators, even those a senior has known […]

ATTORNEY NEWSLETTER How Agents Abuse Powers Of Attorney Examples Of Power Of Attorney Abuse Laws On Power Of Attorney Misuse Powers of Attorney are extremely important – and, in the wrong hands, potentially dangerous – legal instruments. Financial powers of attorney (POAs) grant full authority over a person’s financial affairs, […]

ATTORNEY NEWSLETTER Surrender Penalties And Illiquidity Locked In To Investment Strategies Sales Commissions, Annual Fees And Low Returns Fixed indexed annuities (FIAs) and other deferred annuities are long-term, complex insurance policies which require you to lose control over your investment.  Seniors and those close to retirement are often targeted by […]

ATTORNEY NEWSLETTER Elderly Victim’s Daughter Notices Irregularities Caregiver Allegedly Ordered Debit Card Sent To Her Address Missing Bank Statements Unauthorized debit and credit card charges are common forms of financial elder abuse.  Dishonest caregivers with access to checks and debit and credit cards are often the perpetrators of these forms […]