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Securities Arbitration Attorneys Our FINRA arbitration lawyers work with investors to recover losses caused by securities fraud, investment fraud, and other kinds of stockbroker misconduct.

Indiana Elder Fraud Statutes

Under Indiana Code Title 35 (§ 35-46-1-12) it is illegal for someone to “recklessly, knowingly, or intentionally exert unauthorized use of the personal services or the property of an endangered adult.” An endangered adult is defined as someone who lacks the capacity to manage or direct the management of their property or assets.

Duty to report

If someone believes an adult is being exploited, they have a duty to make a report. This could be to law enforcement or an adult protective services unit. And as long as a report is made in good faith, the person will be immune from any civil or criminal liability. However, if someone knows an endangered adult is being exploited and doesn’t make a report, this is considered a Class B misdemeanor.

Elder exploitation penalties

If a person exploits someone for their own profit, this is a Class A misdemeanor. However, if the value of the services or property involved is more than $10,000 or the endangered adult is at least 60 years old, this then becomes a Level 6 felony.

Victims of elder fraud shouldn’t wait for the law to get involved

If you feel as though you’ve been exploited and have lost money as a result, it’s important that you report this. In addition to telling the proper authorities, you should also take action to try to recover what was lost. Many victims of elder financial fraud have had success through litigation or the use of arbitration.

To get more information about potential legal recourse, contact the Silver Law Group. Our experienced elder fraud attorneys will evaluate your situation to determine the appropriate course of action. You can call us toll-free at 1-800-975-4345 or fill out our online form. The Silver Law Group is a contingency-based firm, which means you won’t have to pay us anything if we don’t recover damages for you.

Client Reviews
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“My in-laws lost their retirement funds to a dishonest broker. Silver Law Group and Scott Silver aggressively pursued their losses until he got their money back.” - Ben M.
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“I foolishly gave my money to a con artist promising me a great return on my money. Scott Silver zealously handled the matter, recovering my losses.” - Darren S.
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“I almost lost a lifetime of earnings after trusting the wrong person. Silver Law Group guided me through the arbitration process and a mediation, always fully prepared and committed to my case.” - Scott T.
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