Investment fraud against the elderly can take many different forms, including unsuitable investments, fraudulent offerings, unregistered products, unlicensed financial advisors or brokers, and the theft or misappropriation of funds. Unfortunately, certain characteristics of the elderly make them particularly vulnerable to investment fraud. Age, lack of knowledge about technology, and medical conditions can all help contribute to victimization of senior citizens in terms of investment fraud. Older Americans simply may not have the decision-making capacity that they had in the past.
Investment fraud can have a significant effect on senior citizens. Financial losses and insecurities can lead to a lack of proper nutrition, hygiene, and healthcare for seniors. Significant financial losses can completely change the ability of a senior citizen, who is often on a fixed income, to support himself or herself. A lack of funds even can result in the loss of one’s home and basic needs.
Some older Americans are even more vulnerable to investment fraud than others. What follows are some characteristics that could indicate a vulnerability to financial or investment fraud:
At Boller & Vaughan, our financial abuse lawyers want to help protect those who can protect themselves the least. This is why we focus our efforts on protecting those who have fallen victim to financial abuse, whether they are in long-term care facilities such as nursing homes and assisted living facilities, or have fallen prey to home healthcare workers or private caretakers. We are skilled at investigating your case and assessing your situation in order to decide whether you have any potential legal claims against the facility, company, or caretaker that took the fraudulent actions against your loved one. Don’t hesitate to contact Boller & Vaughan right away and find out how our legal skills can help your family through this difficult situation.
The Wisconsin Board on Aging and Long-Term Care is a state agency that the Wisconsin legislature created in 1981. The main purpose of the agency is to advise the Governor and the Wisconsin state legislature […]
According to the National Institute of Justice, there are several different causes of elder abuse. Some abusers may feel that violence is the only way to solve a problem or get a certain income. Others, […]
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We live in Friendship, Wisconsin, and Boller & Vaughan came to our doorstep to discuss our mother’s wrongful death claim on a Saturday morning. Not only were we pleased with the large recovery, we were so thankful to have lawyers who were willing to explain to us every twist and turn along the way. It is great to know there is a law firm that will fight for the rights of elderly people all over Wisconsin.
Mr. Boller and Ms. Vaughan were incredible in working on my case and my daughter’s case. I was out of work and in the hospital with a new baby. Mr. Boller and Ms. Vaughan protected our rights and it was a pleasure to work with them. I hope never to be in another motor vehicle accident, however, if I am and I am injured, I will contact Boller & Vaughan immediately.
I was referred to Michelle through a friend. I have never had a better experience. It took a little over a year to get my settlement but the staff there stayed in constant contact and kept me in the loop. Oh, and Michelle actually got me MORE money than we discussed. I will refer anyone to this firm. Words cannot do justice the thanks that I have for Michelle and her staff (Mary especially) thank you guys so much!
After my husband died as a result of a motor vehicle accident, Boller & Vaughan spent countless hours talking with me, meeting with me in person, and making sure that I was okay. The drunk driver who hit us did not have any insurance, and we had to make a claim through our own insurance. Boller & Vaughan was fantastic at explaining the law to me and the handling of our claims.
After my son was injured in a daycare setting, Ms. Vaughan took the time to thoroughly investigate our case and my son’s injuries. Michele was approachable and had answers to our questions. Talking with her helped to relieve many of our anxieties.