Wells Fargo claimed they relied on reports of the financial advisor, “who has recently witnessed tell-tale signs of exploitation, including the petitioner’s own expressed apprehension.>
Then the proper thing to do is call the police. A financial advisor is NOT a medical expert
There was a case in Lake County, CA about 10 years ago where they convicted the advisor of fraud; prosecution basically insisted he should have known the client had dementia. It was BS and the case was overturned on appeal - but not before the guy lost everything. Judge really had it out for the guy. I talked with a couple of different attorneys about it and they were shocked. Said it never should have got that far. A prime example of the power of the government.
Then the proper thing to do is call the police. A financial advisor is NOT a medical expert
There was a case in Lake County, CA about 10 years ago where they convicted the advisor of fraud; prosecution basically insisted he should have known the client had dementia. It was BS and the case was overturned on appeal - but not before the guy lost everything. Judge really had it out for the guy. I talked with a couple of different attorneys about it and they were shocked. Said it never should have got that far. A prime example of the power of the government.
https://lakeconews.com/contact-us/faqs/20-police-a-courts/33438-breaking-appellate-court-overturns-insurance-salesmans-conviction-for-theft-from-an-elder