Category: Los Angeles financial elder abuse

ATTORNEY NEWSLETTER Over $2.7 Million Allegedly Stolen 12 Elderly Victims Facility Owners, Lawyer And Caseworker Sentenced Most of the financial elder abuse cases we write about involve one or possibly two financial predators, like a caregiver and a spouse or friend who assists them in the abuse.  Sometimes, however, a […]

ATTORNEY NEWSLETTER SEC Claims Eight Years Of Fraudulent Transactions Broker Allegedly Stole $1,295,000 97-Year-Old Client Suffered From Dementia Statistics show that the older a senior citizen is the more vulnerable he or she becomes to financial elder abuse.  Particularly at risk are those seniors who suffer from any form of […]

ATTORNEY NEWSLETTER Family Believes Over $2.5 Million Stolen  Owner’s Social Security Benefits Allegedly Taken Bookkeeper Worked For Family For 25 Years So many times we read that financial elder abuse is perpetrated on a senior by someone, like a caregiver, who is new to the life of the elderly person.  […]

ATTORNEY NEWSLETTER Allegedly Defrauded 97-Year-Old With Dementia Accused Of Using Victim’s Funds For Personal Expenses Eight Years Of Fraud Alleged Seniors are often victims of financial elder abuse from strangers or newcomers into their lives acting as caregivers, insurance salesmen, contractors, or new boyfriends or girlfriends sometimes met online.  But […]

ATTORNEY NEWSLETTER Nursing Home Business Manager Pleads Guilty To Theft Wrote Checks Off Resident Account False Entries On Nursing Home Books Seniors residing in assisted care or skilled nursing facilities face the same risk of financial elder abuse by dishonest staff members as seniors living at home do from dishonest […]

ATTORNEY NEWSLETTER Broker Pleads Guilty To Writing Checks To Himself Opened Credit Cards In Senior’s Name Five-Years Probation And Full Restitution Ordered Financial advisors and stockbrokers are potential financial predators of senior citizens.  While financial exploitation seems most often to occur when a “new” broker or advisor targets an elderly […]

ATTORNEY NEWSLETTER Now Deceased Victim Lived In Care Facility Money Spent On Vacations And Personal Expenses Of Agent Care Facility Bills Unpaid At Victim’s Death The potential for abuse of a Power of Attorney (POA) is always present because the Attorney-in-Fact’s authority extends to almost every form of financial and […]

ATTORNEY NEWSLETTER Elderly Person Claims Attorney-in-Fact Misused POA Principal Seeks $891,000 In Damages Wants Title To Home Restored Powers of attorney (POAs) are significant legal instruments which grant appointed agents full legal authority to act for the principal who executes the POA.  The person appointed under the POA is called […]

ATTORNEY NEWSLETTER SEC Penalizes Firm $500,000 Alleged Lack Of Supervision And Compliance Failures Broker Stole From 98 And 86-Year-Old Clients Investment firms have a responsibility for supervising brokers and advisors for securities law compliance and also for potential financial elder abuse of older clients.  A recent fine imposed by the […]

ATTORNEY NEWSLETTER Accused of Befriending Elder Customer To Exploit Him Financially Alleged Efforts To Defraud Man Out of Hundreds Of Thousands Third-Party Investigation Continuing We often write about how seniors may be financially exploited from all kinds of persons – caregivers, insurance agents, stockbrokers, financial advisors, trustees, persons with power […]