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Category: Investment Fraud

Jul 9, 2022 - Annuities by |

San Francisco Financial Elder Abuse And Annuity Attorney: Deferred Annuities Downsides For Senior

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. […]

San Francisco Financial Elder Abuse Attorneys: Guilty Pleas To Fraud Charges Related To Investment Scheme On Elderly Investors

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 […]

San Francisco Financial Elder Abuse Attorney: Senior Consumer Problems With Indexed Universal Life Policies

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. […]

San Francisco Bay Area Financial Elder Abuse Attorneys: SEC Charges Broker With Defrauding Elderly Clients Of More Than $1 Million

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 […]

San Francisco Financial Elder Abuse Attorney: Insurance Agent Pleads Guilty To Stealing $1,300,000 From Elderly Client

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, […]

Jun 19, 2022 - Annuities by |

San Francisco Financial Elder Abuse And Annuity Attorney: Why Deferred Annuities Are A Poor Choice For Seniors

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 […]

Los Angeles Financial Elder Abuse Attorneys: Police Arrest Former IRS Agent For Allegedly Defrauding Elderly Investor Of $1 Million

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, […]

May 31, 2022 - Annuities by |

San Mateo County Financial Elder Abuse And Annuity Attorney: How Deferred Annuities Work

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 […]

Apr 15, 2022 - Annuities Fraud by |

Orange County Financial Elder Abuse And Annuity Attorney: Unsuitable Deferred Annuities For Seniors

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 […]

Los Angeles Financial Elder Abuse Attorney: Senior Victims Of Investment Fraud Win $12 Million Arbitration Award

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 […]

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