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A skilled investment fraud attorney at Patil Law can help if you or someone you love has experienced financial exploitation or investment fraud. Our team specializes in protecting seniors and recovering assets lost through deceptive practices.
The Growing Problem of Elder Financial Abuse
According to the SEC, older investors face increasing targeting by securities fraud perpetrators. With substantial wealth accumulated over decades and limited ability to rebuild retirement funds, addressing this issue is critical. Patil Law helps victims navigate these devastating consequences.
This issue affects millions of American seniors annually. Modern financial complexity, combined with potential cognitive decline, creates an environment where predatory individuals can take advantage of vulnerable seniors.
Why Choose Patil Law?
Firm founder Chetan Patil brings over 15 years of experience in complex disputes nationwide. Patil Law has recovered more than $25 million for clients, including a $5 million settlement for clients improperly sold illiquid REITs who were forgery victims.
Chetan specializes in litigation, arbitration, and appeals of complex securities, FINRA cases, and financial disputes, emphasizing securities and regulatory law.
Our legal team travels extensively to serve clients across the country and has an impeccable track record of success. We’ve represented defrauded investors, family trusts, offices, companies, banks, broker-dealers, investment advisors, and securities brokers.
With Patil Law, you receive:
- Personalized attention from attorneys specializing in senior exploitation cases
- Regular updates and transparent communication
- Strategic planning tailored to your situation
- Support from experts who understand seniors’ unique challenges
- Access to financial forensic specialists
- Representation by attorneys experienced in FINRA arbitration
How Much Do We Charge: We believe in accessible justice. Thus, we operate on a contingency fee arrangement. You do not pay any legal fees upfront. We only get paid if we secure a favorable settlement or verdict for our clients.
Contact Us Now: If you or a loved one has been a victim of elder financial abuse or other types of investment fraud, you don’t have to stay silent anymore. Patil Law is here to help you fearlessly pursue justice and compensation against those who have wronged and scammed you for your hard-earned money.
Call us now at (800) 950-6553 or send us a message through our secure and confidential online form. Our team of compassionate professionals is always on standby to provide immediate assistance.
Preston L. (attorney)
Joan P. (attorney)
Understanding Financial Exploitation of Seniors
The National Council on Aging reports that up to 5 million older Americans face abuse yearly, with annual losses estimated at $36.5 billion.
The American Bankers Association defines this abuse as a crime depriving older adults of resources and independence through theft, fraud, asset misuse, or undue influence over money or property.
Exploitation takes many forms, including:
- Theft of money or property
- Document forgery
- Misuse of power of attorney
- Manipulation of wills or trusts
- Investment, insurance, or real estate fraud
- Telemarketing scams targeting seniors
- Identity theft focused on seniors
- Improper influence by caregivers or family
For comprehensive information about Elder Financial Exploitation: Special Legal Protections, click here.
Signs of Elder Financial Abuse
Warning signs include:
- Sudden changes in bank accounts
- Unpaid bills despite adequate resources
- Previously uninvolved relatives claiming property rights
- Asset transfers outside the family
- Changes in spending habits
- Increased financial anxiety
- Unexplained withdrawals
- Missing valuables
- New acquaintances with financial interest
- Abrupt changes to legal documents
- Unusual transactions
Learn more about Cognitive Decline and Financial Capacity: Legal Standards in Elder Investment Cases.
Common Investment Scams Targeting Seniors
The SEC has identified several common schemes:
Charitable Gift Annuities
Fraudsters pose as charities offering payments in exchange for “investments” that actually fund personal accounts.
“High Return” Investments
These schemes promise unrealistic returns from “low-risk opportunities.” Often, the promoted products don’t exist.
Investment Advisor Exploitation
Some advisors exploit their trusted position to recommend excessive transactions, unsuitable investments, or misappropriate funds.
For information about Power of Attorney Abuse in Investment Contexts: Legal Remedies, visit our guide.
Fraudulent Financial Products
Scammers sell fake CDs, bonds, promissory notes, or complex sale-leaseback contracts with unrealistic returns.
Unsuitable Recommendations
Some advisors recommend high-risk products like options, futures, and penny stocks to conservative senior investors.
Review our information on Senior-Specific Investor Protection Regulations.
FINRA Arbitration Process
Many exploitation cases are resolved through FINRA arbitration. This process typically includes:
- Initial consultation and case evaluation
- Statement of claim filing
- Respondent’s answer
- Arbitrator selection
- Discovery phase
- Pre-hearing conference
- Arbitration hearing
- Final decision
FINRA arbitration offers advantages for seniors, including faster resolution, lower costs, less formality, and greater privacy.
Legal Remedies
Several legal options exist:
- State-specific civil cases to recover losses
- Account freezing or property transfer holds
- Financial institution transaction holds
- Protection orders
Many states have enhanced protections including:
- Increased penalties for exploiters
- Extended statutes of limitations
- Expedited court proceedings
- Mandatory reporting requirements
- Recovery of attorney fees
- Family member representation rights
Learn about Trusted Contact Requirements: Brokerage Obligations.
Contingency Fee Structure
We operate on a contingency basis—you pay no legal fees upfront. We only get paid if we secure a favorable outcome.
Recent Success Stories
Recent victories include:
- $3.2 million recovery for a retired teacher placed in unsuitable investments
- $1.8 million settlement for seniors sold fraudulent promissory notes
- $750,000 FINRA award for a churning victim
- $2.1 million recovery in a power of attorney abuse case
- $425,000 in damages for an investment seminar scam victim
Contact an Experienced Attorney Today
Consult with Patil Law, P.C. to protect senior rights. Financial exploitation significantly impacts investors’ lives. Seniors have unique circumstances making them exploitation targets.
Our resources and expert network allow thorough investigation of exploitation claims. The damage extends beyond monetary losses—affecting dignity, independence, and well-being.
Call (866) 846-0152 for a free consultation, or message through our secure online form. For information about Intergenerational Wealth Transfer: Legal Protections, visit our resource center.
With Patil Law, you gain advocates committed to restoring financial security and peace of mind for vulnerable seniors. Let our experience work for you as we pursue justice and recovery.