Category: Investment Fraud

ATTORNEY NEWSLETTER Disadvantages of Deferred Annuities High Pressure Sales And Other Questionable Practices Replacements And Exchanges Particularly Disadvantageous Deferred annuities present real, potential problems for seniors through contract costs and especially the surrender penalties incurred when the policyholder wants to take his or her money out. When selling annuities to […]

ATTORNEY NEWSLETTER CFTC Charges Individual And Firm With Precious Metals Fraud Gold And Silver Scams Often Target Older Investors Financial Elder Abuse And Whistleblower Cases Precious metal dealers entice investors by promising to fulfill orders for silver or gold and actually deliver the metals to the investors.  Often the promised […]

ATTORNEY NEWSLETTER SEC Alert: Stories From The Front Line Major Red Flag: Spectacular Returns and “Guarantees” Seek Help If You Have Been Defrauded One significant forms of financial elder abuse is the sale to seniors of unsuitable insurance products.  These products, such as deferred annuities and some unsuitable life insurance […]

ATTORNEY NEWSLETTER Caregiver Allegedly Made Withdrawals With Senior’s ATM Card Stolen Money Sent Out Of United States Another Caregiver Alerts Police Forced isolation of seniors here in Alameda County as a result of the coronavirus has increased senior and dependent vulnerability to abuse from all directions and separated seniors from […]

ATTORNEY NEWSLETTER Arbitrator Awards $19 Million To Victim Of Fraud And Financial Elder Abuse Allegations of Forgeries And Unauthorized Stock Purchases  FINRA Finds Fraud And Elder Financial Abuse Financial elder abuse can strike anyone but when the wealthy are victims, the stories of what happened to them receive national attention.  […]

ATTORNEY NEWSLETTER Carriers Pay Large Commissions On Annuity Sales High-Pressure Sales Tactics And Anxiety About The Economy Dangers In Replacing Existing Contracts Financial advisors and insurance agents often capitalize on the anxiety older persons have about the economy and whether they will have enough money to live on in the […]

ATTORNEY NEWSLETTER Elderly Churchgoers Swindled Out Of Millions Older Church Members Encouraged To Cash Out Other Investments  $3.5 Million Taken In Scheme Financial elder abuse can come from different actors and from different directions.  Sometimes, the predator is an individual in whom the victims have a great amount of trust, […]

ATTORNEY NEWSLETTER Free Lunch Seminars and Ads Push “Financial Strategies” If It Sounds Too Good To Be True, It Usually Is Take Your Time and Do Your Homework Older adults are too often the targets of annuity salespeople intent on earning a sales commission.  Sales tactics include free lunch or […]

ATTORNEY NEWSLETTER Foreign Exchange Options Trading Fraud Commodity Futures Trading Commission Polices FX Options CFTC Announces $7 Million Civil Penalty For FX Trading Fraud The U.S. Commodities Futures Trading Commission (CFTC) polices the options trading markets in the U.S., including the market for foreign exchange options, also known as FX […]

ATTORNEY NEWSLETTER SEC Offers Important Suggestions For Senior Investors Know The Investment Professional Or Salesman You Deal With Ask Questions And Never Be Rushed Into Decisions The U.S. Securities and Exchange Commission (SEC) in recent years has focused considerable enforcement efforts on financial elder abuse and fraudulent investment schemes aimed […]