Retirement Living

Beware Senior Financial Abuse

Rodney Brooks
June 14, 2021

When the elderly widow showed up with a young man who was not related to her, ready to sign over her home to him, New York eldercare attorney Anne-Margaret Carrozza immediately grew suspicious. She refused to draw up the paperwork.

But six months later she discovered that the young man had taken her client to another attorney, who did transfer ownership of her home. Carrozza immediately alerted the District Attorney and Adult Protective Services, and the man was forced to return the home to his victim. The courts also appointed a guardian to pay the widow’s bills and make sure her assets were protected.

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Authored By Rodney A. Brooks

TRAFOTFBThe author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.

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“Rodney A. Brooks’ ‘Fixing the Racial Wealth Gap’ is one of the best written and most prescriptive books I’ve read on this prickly subject. Using powerful stats, stories and insightful wisdom, it is written from the heart, mind, body and spirit … plus years of research and thought as a mainstream journalist, Fixing the Racial Wealth Gap is revealing, humorous, instructive and sobering.” – Dr. George C. Fraser

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