Older California Couple Files Elder Exploitation Lawsuit Against Schwab, Bank of America, & Unchained Trading
Plaintiffs Lost Over $18.5M in Cryptocurrency Scam
Two older investors have filed an elder exploitation lawsuit accusing Bank of America, Charles Schwab, and Unchained Trading of failing to protect them from a scam that cost them more than $18.5M.
Widower Sues UBS For Alleged Elder Financial Abuse By A Broker. Senior Investor Seeks Up to $5M in Damages After Texas Financial Advisor Allegedly Stole His Money
The Shepherd Smith Edwards and Kantas Elder Financial Exploitation Law Firm (investorlawyers.com) represents a disabled retiree in his seven-figure FINRA lawsuit requesting up to $5M in damages from UBS Financial Services. The claimant, an elderly widower, contends that UBS stockbroker Tracy Marie Longstreet stole from him for years.
This senior investor entrusted the broker-dealer and its registered representatives to keep his savings safe. Instead, Longstreet appears to have “groomed” him so she could misappropriate his money. This allegedly included gaining access to all of his records and accounts and creating new accounts so she could defraud him, as well as writing herself into his will. To do the latter, Longstreet purportedly arranged it so Kelly Fedak, who is either a relative or a friend, was designated a beneficiary.
Investor Lawyers Blog