ATTORNEY NEWSLETTER Annuities are complex products that often have hidden fees and costs. It is recommended that consumers carefully review any policy and consider their options before purchasing any annuity policy. Both...
Category: Financial Exploitation
ATTORNEY NEWSLETTER Thanks to new legislation recently signed by Governor Jerry Brown, insurance carriers in California will no longer be allowed to levy surrender charges against a policy’s death benefit. California...
California Annuities Fraud Case Illustrates Danger of Financial Elder Abuse in Annuities Purchases
July 30, 2015
ATTORNEY NEWSLETTER A recent annuity fraud case in California illustrates the danger that annuities can pose to people’s finances, especially when it comes senior citizens. An insurance agent in Palm Desert was recently...
ATTORNEY NEWSLETTER According to a Santa Rosa police sergeant, the Santa Rosa police recently arrested a self-employed counselor for elderly clients on suspicion of financial elder abuse. The suspect is accused of stealing...
ATTORNEY NEWSLETTER The Securities and Exchange Commission paid out $3 million to a whistleblower who helped the commission crack a complex fraud case. The whistleblower, a company insider, received the third-highest award...