Category: Financial Exploitation

ATTORNEY NEWSLETTER Accused of Running $3.2 Million Fraudulent Investment Scheme One Elderly Client Defrauded Of $400,000 Ordered To Pay Restitution And Serve 6 ½ Years In Prison Financial advisors and stockbrokers are potential financial predators of senior citizens.  Sometimes, the relationship between the broker and the senior is brand new […]

ATTORNEY NEWSLETTER Alleged Fraudulent Purchases On Debit Card Victim Resident In Senior Living Community Victim Noticed Suspicious Charges On Statement Many of the reported cases of dishonest caregivers stealing from seniors occur in the senior’s own home when a dishonest in-home caregiver has access to financial records, checks, credit cards […]

ATTORNEY NEWSLETTER Financial Elder Abuse Of Seniors Signs Of Financial Exploitation 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 opens up the […]

ATTORNEY NEWSLETTER Criminal And Civil Penalties Examples Of Power Of Attorney Abuse 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 medical decisions and […]

ATTORNEY NEWSLETTER Senior Investors Allegedly Bilked Out of $ 800,000 Broker Allegedly Hid Stolen Money In Wife’s Account Multiple Complaints Of Misappropriated Funds Filed One of life’s sad truths is that whenever someone has access to someone else’s money there is a risk of fraud or theft.  This reality is […]

ATTORNEY NEWSLETTER Defendants Accused Of Running $12 Million Ponzi Scheme 50 Reported Victims Include Many Seniors Victims Lost Retirement Savings Seniors may often be the targets in investment fraud schemes.   Promoters and financial advisors touting fraudulent schemes may lure older investors with supposed “opportunities” promising high returns, seizing on senior […]

ATTORNEY NEWSLETTER 73-Year-Old Disabled Victim Caregiver Allegedly Repeatedly Overpaid Herself Confused Victim Paid Caregiver Multiple Times For Same Hours Dishonest caregivers will take advantage of any impairment they perceive in the patients they’re paid to care for.  One primary impairment as patients age is their memory; while seniors may continue […]

ATTORNEY NEWSLETTER Steps To Protecting Seniors Adding A Trusted Contact To Financial Accounts How To Place A Hold On Accounts The Financial Industry Regulatory Authority (FINRA) is a non-governmental entity that governs the financial industry from within.  FINRA polices member investment firms for compliance with regulations meant to ensure integrity […]

ATTORNEY NEWSLETTER  “Ferris Bueller’s Day Off” Actress Suffers From Dementia Allegations Of Using Romance To Take Advantage Victim Has Been Taken Advantage Of Before Seniors and persons of all ranks of life may be victims of financial elder abuse.  Abuse strikes across all genders and socioeconomic groups.  When celebrities are […]

ATTORNEY NEWSLETTER Allegedly Misappropriated $305,000 In Client Funds Client’s Checks Cashed But Never Invested Money Spent For Broker’s Own Benefit Seniors are vulnerable to financial elder abuse by any number of financial predators including those entrusted to invest their money like stock brokers, investments advisers and bankers.  Sometimes the financial […]