Category: Investment Fraud

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, […]

ATTORNEY NEWSLETTER Understand Penalties On Withdrawals  Fees And Other Hidden Costs Beware High-Pressure Sales Tactics “Our older citizens, understandably concerned with rising living and medical costs and even pension uncertainties, are being targeted by unscrupulous financial predators,” said a top State securities regulator recently.  The regulator has brought a string […]

ATTORNEY NEWSLETTER Deceptive Sales Practices Downsides of Deferred Annuities For Seniors Avoid High-Pressure Sales Tactics Insurance agents are paid significant sales commissions on sales of certain forms of deferred annuity insurance products.  Any high-pressure or deceptive tactics to sell these products, and sales of unsuitable annuities, violate the law and […]

ATTORNEY NEWSLETTER Multiple Elder Victims Of Fraudulent IRA Scheme Victims Lost All Retirement Savings Arbitration Panel Awards Victims $12 Million  Financial elder abuse can strike anyone either when a predator targets them individually or when they are part of a larger financial elder abuse scheme injuring multiple victims.  A Los […]

ATTORNEY NEWSLETTER Agents Target Seniors For Annuity Purchases The Primary Disadvantages Of Annuities For Seniors Check With Tax Advisor And Get A Second Opinion Evans Law Firm, Inc. recommends seniors avoid certain types of deferred annuities because deferred annuity contracts can be expensive and complicated and tie up a senior’s […]

ATTORNEY NEWSLETTER Allegedly Stole Seniors’ Retirement Assets Advisor Faces Up To 37 Years In Prison 15 Elderly Or Dependent Adult Victims Persons with direct access to a senior’s finances include individuals acting by power of attorney, or as trustee, guardian, conservator, broker, insurance agent, accountant, or other financial advisor to […]

ATTORNEY NEWSLETTER Agents Target Seniors With Retirement Planning Seminars The Goal Is To Sell Annuities Resist The Hype And Understand The Disadvantages Events like “retirement planning seminars” or “retirement consultations” typically devolve into annuity sales pitches by the hosting insurance agent.  Whenever an agent approaches you to consider a deferred […]

ATTORNEY NEWSLETTER Misrepresentations And Omissions Investment Scheme Targeting Retirees Most Invested Funds Pocketed As Fees Insurance agents may exploit older consumers by selling them expensive and unsuitable insurance products, or even offer unregistered “investments” that are far beyond the insurance policies the agents are licensed to sell.  These investment “opportunities” […]