Fraud unfortunately is a widespread problem that victimizes many innocent people. We have experience assisting individuals recover money lost in the following types of situations.
A dishonest stockbroker or other type of financial advisor can manipulate their client’s affairs so that the client’s money is paid to the dishonest advisor who thereafter spends or absconds with the money rather than investing it appropriately on behalf of their client. In these cases, suing the dishonest advisor is one option but may not result in the recovery of the lost money because the advisor has no assets or has left the country. However, in many cases recoveries can be made because the dishonest advisor was employed by, or sold investment products on behalf of, reputable financial products firms who have some responsibility and therefore legal liability for a dishonest advisor’s actions.
Frauds by Family Members
Elderly or disabled people who give others (often family members) control of their financial affairs, through for example powers of attorney or joint ownership of bank accounts, can be victimized by those in whom they have placed that control. If you have been defrauded by a family member, we can assist in the recovery of your money.
Frauds committed on People with reduced mental capacity
Persons suffering from a reduction in their mental functioning can also be victims of frauds by both family and non family members. These frauds include transfers of land or other property that are induced by the person receiving the property who fails to pay anything or only a fraction of the value of the property. One of the remedies we employ to assist our clients in this situation is to apply to the Court to have the transaction set aside pursuant to section 60.2 of the Adult Guardianship Act.
If you or someone you know has been the victim of a fraud, we invite you to contact either Ross McLarty or Murray Wolf for a no obligation, free 30 minute consultation to discuss how we can assist you.