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Chicago Financial Exploitation Attorneys

Malman Law. Premier Personal Injury Attorneys

Injury Attorney Steven J. Malman

Diligent Chicago Financial Exploitation in Nursing Facilities Attorneys

Nursing home residents self-report financial exploitation at higher rates than all other forms of abuse and neglect.

The National Council on Aging notes that, “[w]hile likely underreported,” financial exploitation costs elderly Americans a staggering $2.9 billion every year. If you suspect that you or an elderly family member may be a victim of financial abuse or exploitation in a nursing home, you need to take action right away. Statistics suggest that the abuse is likely to continue, and the longer you wait, the more difficult it may become to recover the money you or your loved one is owed.

Working with Malman Law

At Malman Law, we have decades of experience helping nursing home residents and their families take action against financial exploitation and other forms of nursing home abuse. Our attorneys are passionate about helping senior citizens in Illinois, and we want to make sure that you and your family recover every last penny you deserve. Financial abusers need to be held accountable, and we have the experience, resources, and commitment necessary to take them to task.

We handle all financial abuse cases on contingency. This means that there are no upfront fees, and you don’t pay us anything unless we win money in your case.

Common Examples of Financial Exploitation in Nursing Homes

Data from the National Center on Elder Abuse show just how bad the problem really is: As many as nine out of 10 elder abuse cases involve some form of financial exploitation. Financial elder abuse can take a number of different forms, from outright theft to pressuring a nursing home resident to change his or her will. The following are all common examples of how senior citizens can fall victim to nursing home financial abuse:

These are all situations that involve nursing home staff, other residents, and the victim’s family.

However, there are other situations where elderly individuals can fall victim to financial exploitation as well. From investment scams to dishonest telemarketing and even fraud by financial advisors, exploitation schemes often focus specifically on the elderly population.

Regardless of what happened, if you or your elderly loved one has lost money and you believe that it may be as a result of abuse or exploitation, we urge you to call us right away.

A Real-Life Example of the Tragedy of Financial Exploitation

A few years ago, NBC News told the story of one elderly couple who lost everything when their caregiver took advantage of their infirm state. The couple lived together in their home, which they owned outright, and they had saved enough money to cover their needs in retirement. When they both developed advanced forms of dementia, their family hired a live-in caregiver to take care of them day-to-day.

Over the course of just ten months, the caregiver “took everything.” She was charged with looting the couple’s savings, facilitating a reverse mortgage on their home and then stealing the funds, and even persuading them to buy her house. In all, the couple’s losses totaled more than $300,000. They lost their home to foreclosure, and they both died a short time later with less than $400 to their name. Before they died, the couple spoke with their children regularly. None of them had any idea what was going on.

While this tragic example involved an in-home caregiver, the caregiver’s actions are all
too common in the nursing home setting as well.

Elder financial exploitation happens every single day. If you are concerned about your or a loved one’s
financial affairs, don’t wait to take action. Contact us today.

Speak with an Elder Financial Exploitation Lawyer in Chicago, IL

With offices in downtown Chicago, Malman Law represents victims of elder financial exploitation throughout Illinois. To schedule a free, no-obligation consultation with one of our experienced attorneys, please call (888) 305-5043 or complete our online consultation request form today.

Firm Awards & Recognitions

Steven Malman was selected to the list. The list is issued by the American Institute of Legal Counsel. A description of the selection methodology can be found at http://www.aiopia.org/selection/.

  • Steven Malman was selected to the list. The list is issued by the National Academy of Personal Injury Attorneys. A description of the selection methodology can be found at http://www.naopia.com/selection-process.

  • Steven Malman was selected to the list for 2018-2019.

  • Only the top 100 trial lawyers from each state or highly-populated regions of certain states who are actively practicing in civil plaintiff and/or criminal defense law are eligible for invitation. Invitees must demonstrate superior qualifications, leadership skills, and trial results as a legal professional. The selection process for this elite honor is based on a multi-phase process based upon objective and uniformly applied criteria which includes peer nominations combined with third party research.

    Prospective members of The NTL are carefully screened prior to receiving an invitation for membership.

  • Top Attorneys Diamond Member

  • Top Attorneys of North America 2019-2020

  • The American Institute of Trial Lawyers is an invitation only professional organization composed of premier trial attorneys from each state. These attorneys exemplify the very best qualities and qualifications of an attorney. Each attorney must meet stringent qualifications as a civil or criminal trial attorney. These attorneys practice in a variety of fields to help and promote the ethical and elite practice of law. Selection is based on a thorough multi phase process which includes peer nominations and third party research. Each member must be in good standing with their local compliance organization. Membership is extended to only a select few in each state and/or region.

  • As the founder of Steven J. Malman and Associates, P.C., Attorney Steven Malman has 21 years of experience handling personal injury, nursing home, medical malpractice, premises liability, construction and workers’ compensation cases. Mr. Malman is one of Chicago’s leading authorities on personal injury law and has taken a special interest in defending the elderly from neglect and abuse. He has personally handled over 10,000 cases successfully, and collected hundreds of millions dollars for his clients.

Client Review

  • "I'm very pleased to recommend Malman Law to my friends and relatives! I have to mention how efficient and professional in dealing with my case has been with everyone that I've been in contact with at Malman Law. Mrs. Sabo is outstanding as well as her secretary and assistant in responding quickly to any of my questions or concerns. This firm has gone above and beyond to keep me updated and get answers to my questions at any time, weekends included! Malman Law rules in my opinion! "

    - Cheryl Wagemann
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  • Credibility & Experience

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    Over $200,000,000 Collected
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