Financial Elder Abuse

Attorney Representing Older Individuals Harmed by Financial Abuse in New York

It is not uncommon for older people to have significant resources that they are looking to invest. Unfortunately, senior citizens are often targeted by unscrupulous brokers and financial advisors who engage in fraudulent practices to deprive them of their assets, and they frequently are victims of financial elder abuse. If you or someone you love suffered financial losses because of deceptive or fraudulent acts, it is in your best interest to meet with an attorney to determine whether the behavior constitutes financial elder abuse and is grounds for pursuing damages in a civil lawsuit. The dedicated New York business litigation attorneys of The Linden Law Group, P.C., will analyze your investment accounts to determine if you may have been the victim of fraudulent practices and assist you in seeking recourse for your damages. Our attorneys frequently represent older investors in state and federal litigation in New York to help them attempt to recover losses caused by financial elder abuse, and if you hire us, we will work diligently to help you hold the responsible parties liable for your harm and help protect you from further losses.

What Is Financial Elder Abuse?

Certain facets of the population, including older individuals, are vulnerable to fraudulent investment strategies and predatory lending schemes. As such, elderly people often become victims of financial elder abuse. The Older Americans Act describes financial elder abuse as an inappropriate, unauthorized, or fraudulent behavior engaged in by a person with the intent of depriving an older individual of their assets or using their resources for financial gain. As such, any malicious act undertaken by a financial service professional with the intent of misappropriating an older person’s funds may constitute financial elder abuse.

Common Signs of Financial Elder Abuse

Financial service professionals will often engage in other deceptive practices that unfairly deprive older people of their financial resources as well. In some instances, they may suggest that older people invest in securities that have a high rate of return but are inappropriate due to the person’s age and relative tolerance for risk. Further, brokers may overtrade or churn older people’s accounts and subsequently charge them excessive fees for making trades that do benefit them. If you or a loved one sustained financial losses because of financial elder abuse, it is smart to contact a knowledgeable attorney to discuss your case.

Retain a Capable Business Litigation Attorney to Assist You

Fraudulent and unethical investment practices can cause older people to suffer significant losses that render them financially unstable in their later years. If you or someone you love sustained economic harm because of financial elder abuse, it is in your best interest to retain an attorney to assist you in pursuing compensation from the parties responsible for your harm. The dedicated business litigation attorneys of the Linden Law Group, P. C. have decades of experience helping older investors harmed by unsuitable investments recover losses, and if you engage our services, we will work tirelessly to help you prove the culpability of the financial services professionals that caused you to sustain damages. We have offices in Manhattan and Long Island, and we regularly represent older individuals in state and federal litigation proceedings in Manhattan, Queens, the Bronx, Brooklyn, and Staten Island, as well as in Nassau and Suffolk Counties. You can reach us at (212) 537-6612 or via our online form to set up a consultation.

Client Reviews
I highly recommend this law firm. Attorneys Unger and Benjamin battled a real estate scammer who defrauded me out of substantial money. They were able to get a good result for me after the defendants put up numerous obstacles and delays over 18 months. And they were honest with me regarding their upfront and contingency fees. Definitely hire this firm if you are a victim of fraud or breach of contract. Rebekah W.
Over the years I have had dealings with many of attorneys and I can honestly say that Mr. Benjamin is the best lawyer I have ever worked with. He's conscientious, and takes care of your case as if his own interests were at stake. He's professional, always answered my calls and takes the time to discuss the best course to take. Everything was done timely and efficiently. I couldn't be happier with the result. I wish they were all like him. The best decision I made was to use him for all my legal needs. Nancy O.
Attorney Benjamin is an excellent attorney. He battled a finance company for me for nine years, defeating multiple motions that were thrown at him over the years. He is an honest, compassionate and trustworthy attorney, and was an aggressive advocate for me for a long time. After so many years, he finally got a great result in August, 2015 after defeating still another motion by the lender. I highly recommend Attorney Benjamin. Daniel O.
We hired this Firm on July 20, 2018 to sue a company for fraud. While the case took longer than we wanted, the lawyers battled for 1 year with this nationwide real estate company to expose the scam they inflicted on us. In order to get to settlement, our lawyer Jeffrey Benjamin cut the Firm's fee in order that we could put more money in our pocket and settle. The lawyers here are honest and bent over backwards to make us happy and settle, and not drag out the case for years. We are so happy we went with this Firm. Thank you. K.J.