Financial Elder Abuse Scams in California

Seniors are targeted for a growing number of scams throughout California. One financial scam alone is thought to have cost elderly investors over $10 million in lost savings. In these days, it is both wise and smart to call an elder law attorney before you respond to any investment offer. Don’t loose your money to scam artists!

1. Senior investment fraud
2. Mortgage fraud
3. Religious or ethnic groups are targeted- “affinity fraud”
4. Identity theft
5. Online escrow fraud
6. Commodities and foreign currency fraud
7. Oil and gas ventures
8. Ponzi and pyramid schemes (using your money to pay promised dividends to others)
9. Military fraud (military families and personnel)
10. Disaster and charity scams: just look at some of the New Orleans relief scams!

If you are being asked to change or make an investment, check out the offer before you sign anything. If a family member is already going in a dangerous direction, a California Financial Elder Abuse Attorney or Lawyer may be able to help reverse the process before money is lost, or even to help recover some of the invested funds.

Elder abuse by devious financial scams is rampant in California. Call before you write that check or sign that agreement. It could save your nest egg!