New rules have been put in place to protect seniors with brokerage accounts from financial scams that could drain the accounts before anyone notices. As the population ages, elder financial abuse…
Tag: Financial
10 Ways the Elderly Can Avoid Financial Abuse
Increased dependency due to illness, disability or cognitive impairments can make seniors susceptible to financial abuse.
New toll-free number for reverse mortgage counseling
The National Council on Aging (NCOA) has a new national toll-free number for older homeowners to sign up for counseling when considering a reverse mortgage:1-855-899-3778. Federal law requires that anyone…
Scamming Elder Couple Results in Boulder County, Colorado Conviction
A 54-year-old woman was convicted Wednesday in Boulder District Court on felony theft charges for scamming an elderly Boulder couple of almost $600,000 over the span of seven years.
Forum on Elder Financial Exploitation | Denver Elder Financial Abuse Lawyer
According to the Cleveland Plain Dealer, the Consumer Financial Protection Bureau will be involved in a free forum on protecting the nation’s elderly from financial abuse. The forum, which will…
Elderly Woman Physically Abused | Denver Elder Abuse Attorney
An NBC News affiliate in Tucson, AZ reports a case of an elderly woman being physically abused by the registered nurse whose job it was to care for her. The…
Elderly Financial Exploitation Rising | Colorado Elder Abuse Lawyer
According to a report by the AARP, financial exploitation of the elderly has been rising across the Unites States, with at least $2.9 billion lost to financial exploitation in 2010…
Woman Stands Trial for Financial Abuse | Colorado Elder Law Attorney
According to the Boulder Daily Camera, a woman is going to stand trial for attempted theft after charges that she befriended a retired CU professor, in an effort to have…
Reverse Mortgage Scams | Colorado Elder Abuse Attorney
According to a report in the Los Angeles Times, a loan officer who was recently convicted for his role in a scheme to cheat elderly homeowners out of money should…