Category: Investment Fraud

ATTORNEY NEWSLETTER Defendant Was Accountant And Financial Advisor To Elderly Claimed Investments Were As Safe As CDs Much Of The $12 Million Came From Victims’ Retirement Savings Any American can be a victim of investment fraud but older investors are particularly vulnerable to fraud.  Financial predators may target older investors […]

ATTORNEY NEWSLETTER Nationwide Life and Annuity Insurance Company Annuities Nationwide’s New Heights© Products J.P. Morgan MOZAIC I and MOZAIC II Investment Strategies Nationwide Life and Annuity Insurance Company, part of the Nationwide Mutual Insurance Group, issues fixed indexed annuities in California under the trade names Nationwide New Heights©, Nationwide High […]

ATTORNEY NEWSLETTER Be Cautious About Retirement Planning Seminars Deferred Annuities Are Complex, Expensive Insurance Policies Surrender Charges On Withdrawals Marketing for deferred annuities is often directed toward those planning to leave the workplace in the near future.  Unions, trade groups, investment advisory firms, insurance agents and others may invite soon-to-be-retired […]

ATTORNEY NEWSLETTER Unsuitable Investments For Seniors High Surrender Charges Switching Or Exchanging Annuities Can Be Costly Mistake Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies include withdrawal penalties (called surrender charges) if you need your money back. […]

ATTORNEY NEWSLETTER High-Yield Investment Fraud Targeted Elderly Multi-Million Dollar Scheme Allegedly Ran or Six Years Individuals Plead Guilty To Multiple Charges Financial elder abuse may be limited to isolated transactions exploiting specific older individuals, but larger fraudulent and abusive schemes may be perpetrated on numerous elderly victims.  Seniors are often […]

ATTORNEY NEWSLETTER Disadvantages of Indexed Universal Life Insurance For Seniors Increasing Premiums And Policy Lapses  Surrender Charges  Evans Law Firm, Inc. generally cautions against certain forms of indexed universal life insurance (IULs) for senior consumers because IULs are expensive, complicated, and tie up invested money for long periods of time. […]

ATTORNEY NEWSLETTER Allegedly Defrauded Investors Were Ages 78-94 Promised 13% Return On A Promissory Note Fraud Allegedly Continued For Five Years Sales of unsuitable investments to seniors may constitute financial elder abuse.  Largescale pyramid or Ponzi schemes may also target seniors. Statistics show that the older we get the more […]

ATTORNEY NEWSLETTER 79-Year-Old Victim Convinced Victim To Surrender Life Insurance And Annuities Used Victim’s Money To Pay Off Other Defrauded Customers All seniors are potential victims to various financial predators.  Financial predators on seniors include in-home caregivers, retirement planners, insurance agents and other salespeople, bankers, trustees, conservators, financial advisors, brokers, […]

ATTORNEY NEWSLETTER Long-Term Contract With No Control Of Investment Surrender Charges On Withdrawals  Annual Fees And Low Returns Evans Law Firm, Inc. generally recommends against certain types of deferred annuities for older consumers because these complex, expensive insurance policies may tie up a senior’s money for years and impose significant […]

ATTORNEY NEWSLETTER Alleged Scheme Lasted Seven Years Invested Money Allegedly Funded Lavish Lifestyle Supposed High-Yield Investments Were Non-Existent Financial predators may target older investors with unsuitable or risky ventures promising high returns.  These predators may seize on senior anxiety about the stock market, their need for income in the future, […]