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Philadelphia Bar Association

Topcap Invite

Wednesday, July 19, 2017

12:00 PM

Philadelphia Bar Association
11th Floor Conference Center
1101 Market Street
Philadelphia, PA 19107


Registration Info:
Lunch and registration:
11:30 AM

12:00 PM - 2:00 PM



Honorable Sheila Woods-Skipper
President Judge, Court of Common Pleas
Chair, Administrative Governing Board
First Judicial District of Pennsylvania

Robin L. Wiessmann, Esq.
Pennsylvania Department of Banking and Securities

David Galinsky, M.D.
Chief Medical Officer
Pennsylvania Department of Aging

Dana Goldberg, Esq.
Director, Victim Services
SeniorLAW Center

Stefanie Zikos Hamilton, Esq.
Deputy Chief Counsel for Securities
Pennsylvania Department of Banking and Securities

Lori Stiegel, J.D.
Senior Attorney and EIFFE Prevention Program Legal Director
American Bar Association Commission on Law and Aging
Washington, D.C.

Ethical Implications of Elder Investment Fraud and Financial Exploitation

CLE_VIDEO: Ethical Implications of Elder Investment Fraud

Elder Investment Fraud and Financial Exploitation (EIFFE): Ethical Traps for Lawyers and Navigating the Challenges of Diminished Financial Capacity

As demonstrated by the sensational Brooke Astor case and other less notorious examples, a lawyer who is ignorant of elder investment fraud and financial exploitation (EIFFE) and of the signs of diminished financial capacity may fail to protect the client from harm or unwittingly participate in the client’s victimization. Such lawyers may face professional discipline, liability for malpractice, or even criminal charges. As EIFFE costs victims, families, governments and businesses more than $2.9 billion annually and affects approximately five percent (5%) of older persons, every lawyer needs to understand how the epidemic of EIFFE may affect them professionally and personally. This is especially relevant in Pennsylvania, where approximately 2.9 million of the commonwealth’s 12.8 million residents are age 60 and older and more than 300,000 are age 85 and older. By 2020, the population of older Pennsylvanians is projected to increase by 25%, with the over-80 population expected to increase by 20,000 individuals.

This video CLE program will highlight and examine:

  1. The demographic and physiologic changes occurring in the U.S. and Pennsylvania populations that increase the likelihood that lawyers will deal with diminished financial capacity and EIFFE in their work and in their families
  2. Ethical and practical dilemmas that challenge lawyers and provide tips for addressing those dilemmas
  3. The indicators of EIFFE and suggest options for assisting victims

National and Pennsylvania presenters with expertise in EIFFE, financial capacity and ethical rules will discuss:

  • Diminished financial capacity and how it increases vulnerability
  • Ethical and practical challenges that lawyers face in detecting and counseling clients about EIFFE and tips for addressing those challenges
  • Elder financial exploitation and its impact on victims
  • Elder investment fraud, its impact on victims and the role of the Department of Banking and Securities in preventing and addressing the problem
  • Pennsylvania’s first Elder Justice Resource Center and how it can help victims of EIFFE

    Learn how to avoid the ethical traps for lawyers when counseling clients with diminished financial capacity!

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