THERE IS A CLAIM THAT AN ATTORNEY NAMED COMMITTED FINANCIAL ELDER ABUSE AND STOLE $3.5 MILLION FROM AN ELDERLY PHYSICIAN NAMED .

In the state of California, there is yet another instance of elder abuse concerning money matters. In the month of October 2013, an article was published in the California Bar Journal that detailed this particular case. In this particular instance, the defendant is a lawyer from San Francisco who had a friendship with a physician from Maryland who was 77 years old. After then, the defendant is accused of committing financial elder abuse and defrauding the old physician out of millions of dollars. According to lawyers in San Francisco that specialize in elder abuse cases, any elderly individual is susceptible to experiencing maltreatment. Court papers indicate that the victim was first introduced to a young attorney from San Francisco in the year 2004. The affluent deceased individual was a physician from Maryland who was 77 years old at the time of the incident. According to the allegations, the defendant said to the elderly victim that he had a fantastic chance for investment. During the conversation, the defendant informed the elderly person that he had the opportunity to make an investment in a significant lawsuit matter that was being prosecuted in New York, and that the investment would result in a return of several millions of dollars. According to the allegations, the defendant was successful in persuading the elderly victim to continue contributing an increasing amount of money to the scheme. Throughout the whole process, the attorney from San Francisco was utilizing the money that was given to him by the victim to finance his own investments. After some time, the elderly victim had a sense of suspicion, and in 2009, he decided to employ a different attorney to investigate his investment. The deception was brought to light at that point. Following the filing of a case against the defendant, the elderly physician was awarded $3.5 million in punitive damages in addition to paying $3.5 million in compensatory damages. Attorneys that specialize in elder abuse in the financial sector in San Francisco believe that investments that seem to be too good to be true were most likely fake. The defendant initiated a number of baseless lawsuits with the intention of postponing the victim’s payments from the beginning. It was in September of 2013 that a court came to the conclusion that the defendant was “culpable of moral turpitude for participating in a plan to mislead, falsify, and abuse the legal process.” In addition, the judge in the case reportedly claimed that the defendant has not shown any regret for his actions and that he has not admitted to any wrongdoing. This information was reported by the California Bar Journal. After the defendant had been admitted to the state bar for a period of less than three years, the unlawful behavior occurred. As a result of the defendant in this case being disbarred, they are no longer permitted to practice law. The public is cautioned by lawyers in San Francisco who specialize in financial elder abuse to keep a watchful check on elderly members of their families. Cases involving elder abuse, financial elder abuse, physical elder abuse, annuity fraud, consumer fraud class actions, insurance fraud, and banking fraud are among the practice areas that Evans Law Firm, Inc. handles. You may reach Evans Law Firm, Inc. at 415-441-8669 for a free and private consultation if you believe that you have observed or are the victim of elder abuse or financial fraud. Alternatively, you can send an email to info@evanslaw.com. Thank you for your time and consideration.