Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Elder Fraud

Elder Fraud Common Questions

Meyer Wilson Wins Full Recovery for Elderly Couple

Our firm was hired by an elderly couple in 2015 who had suffered substantial losses in their investment account, managed by their long-time and trusted financial advisor. At first, they didn’t really understand what had happened, and they asked their daughter for help looking things over. She immediately contacted our firm.

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What is the brokerage firm's role in detecting and preventing financial abuse of seniors?

As our population continues to age, the rate of financial abuse of the elderly rises with it. Learn more about the brokerage firm's role in not only detecting this type of fraud, but preventing it.

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What is power of attorney?

People grant the power of attorney to an individual they trust, so that individual can make decisions, such as investment decisions, on their behalf.

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What is elder financial abuse?

The elderly tend to be prime targets for financial abuse because people believe they are vulnerable. There are certain signs to look for, if you believe your elderly loved one is being financially abused.

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Should I attend an investment seminar after receiving a letter in the mail?

Just because someone buys you lunch, doesn’t mean you have to buy into what they are saying - or selling.

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Are baby boomers at a high risk of investment scams? What are some of the warning signs to watch out for?

Scammers often target baby boomers for a number of reasons, including their often substantial retirement funds.

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How can I protect my elderly parents from "cold calling" investment fraud?

A common way that fraudsters lure people into their investment schemes is by way of cold calling. One way to recognize this type of scam is if the calls become increasingly more harassing.

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What are the most common types of investment fraud that my elderly parents might encounter?

Three common types of investment fraud that elderly investors in particular are prone to include affinity fraud, free lunch seminars, and phone calls.

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Why are income-oriented seniors so often pressured into investing in risky "structured products"?

In some cases, income-oriented seniors lose money on structured products because their brokers do not understand the risks. In other cases, it is because their brokers are actively preying on them.

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I'm worried that my elderly parents may become victims of fraud. What are the signs of elder investment fraud?

Listen for your parents saying things like: their broker guaranteed fast/high returns, they are making checks out directly to their broker, or they are having trouble contacting their broker.

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My wife and I are retired and receive a lot of telemarketing calls pressuring us to make investments. Is there a way to stop these calls?

If you are receiving these types of solicitation calls, you can report them or take your name off call lists.

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What are some ways that seniors can identify financial scams?

Meyer Wilson suggests meeting with your broker, verifying what is said at the meeting, and talking to a trusted financial professional.

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When Choosing an Attorney, Results Matter

  • $30M
    $30,000,000 Recovered in Confidential Settlement for 100-Year-Old-Widow
  • $10M
    Retirees Recover in Excess of $10,000,000 of Retirement Losses
  • $6.5M
    $6,500,000 Recovered for a Large Group of Individual Investors
  • $5M
    $5,000,000 Recovered for Group of Midwest Clients
  • $3.8M
    Meyer Wilson Recovers More than $3,800,000 for Elderly Victim in Ponzi Scheme Case
  • $3.2M
    $3,200,000 of Losses Recovered by Meyer Wilson for More Than 50 Families of Ponzi Scheme in California

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