{"id":10010,"date":"2021-05-25T16:21:03","date_gmt":"2021-05-25T20:21:03","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10010"},"modified":"2021-05-25T16:21:03","modified_gmt":"2021-05-25T20:21:03","slug":"92-year-old-wins-19m-from-jp-morgan-for-her-broker-grandsons-alleged-misconduct-as-stockbrokers","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/92-year-old-wins-19m-from-jp-morgan-for-her-broker-grandsons-alleged-misconduct-as-stockbrokers\/","title":{"rendered":"92-Year-Old Wins $19M From JP Morgan For Her Broker\/Grandsons Alleged Misconduct as Stockbrokers"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9940 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-300x200.jpg\" alt=\"In our Silver Law securities arbitration and investment arbitration blogs, we highlight individuals who were caught taking financial advantage of their investment clients. In many cases, the investors are elderly, and sometimes, inexperienced at investing. And in some cases, the brokers and advisors are elderly themselves, caught committing fraud after a successful decades-long career. These individuals should understand what constitutes fraud, particularly against elderly clients. Still, they do it anyway. Many times, these elderly clients do not completely understand the complex investment information they are presented with. Some may be too polite to ask questions or challenge the representative. In other cases, they may be experiencing the beginnings of cognitive decline that isn\u2019t\u00a0 obvious and hasn\u2019t yet been detected by family or their physician. This lapse in mental acuity can allow a fast-talking broker to convince them of something to which they would otherwise say \u201cno.\u201d The Increasing Elderly Demographic Although California has the largest number of elderly citizens, Florida has the highest percentage of elderly residents in the US. A full 19% of Florida\u2019s population is over 65, and the numbers are increasing. It\u2019s estimated that by 2050, elderly people in the US will top 80 million. Many of these elderly are financially well-off, and some are millionaires. A number of them will pass along their wealth to their children and grandchildren. These sums may be transferred more than once through parentage. So it\u2019s highly likely that these elders can and will be targeted for fraud by any number of people. From distant family members who are suddenly friendly to caretakers, neighbors, brokers and financial advisors, and \u201cnew friends,\u201d they all see an elderly person with money as an easy target. \u00a0\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-1024x683.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-1536x1024.jpg 1536w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-2048x1365.jpg 2048w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-1000x667.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>In our Silver Law <a href=\"https:\/\/www.silverlaw.com\/blog\/\" target=\"_blank\">securities arbitration<\/a> and <a href=\"https:\/\/www.secarbitrationlawyer.com\/\" target=\"_blank\">investment arbitration<\/a> blogs, we highlight individuals who were caught taking financial advantage of their investment clients. In many cases, the investors are elderly, and sometimes, inexperienced at investing. And in some cases, the brokers and advisors are elderly themselves, caught committing fraud after a successful decades-long career. These individuals should understand what constitutes fraud, particularly against elderly clients. Still, they do it anyway. <a href=\"https:\/\/www.silverlaw.com\/blog\/92-year-old-wins-19m-from-jp-morgan-for-her-broker-grandsons-alleged-misconduct-as-stockbrokers\/#more-10010\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our Silver Law securities arbitration and investment arbitration blogs, we highlight individuals who were caught taking financial advantage of their investment clients. In many cases, the investors are elderly, and sometimes, inexperienced at investing. And in some cases, the brokers and advisors are elderly themselves, caught committing fraud after a successful decades-long career. These [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[582,580],"tags":[],"class_list":["post-10010","post","type-post","status-publish","format-standard","hentry","category-elder-fraud","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Beverly Schottenstein Wins $19M From JP Morgan For Broker Misconduct<\/title>\n<meta name=\"description\" content=\"Beverly Schottenstein, 94, filed a complaint with FINRA against her two sons Evan and Avi who were broker dealers with JP Morgan Chase.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/92-year-old-wins-19m-from-jp-morgan-for-her-broker-grandsons-alleged-misconduct-as-stockbrokers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Beverly Schottenstein Wins $19M From JP Morgan For Broker Misconduct\" \/>\n<meta name=\"twitter:description\" content=\"Beverly Schottenstein, 94, filed a complaint with FINRA against her two sons Evan and Avi who were broker dealers with JP Morgan Chase.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrRecovery2-300x200.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Beverly Schottenstein Wins $19M From 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