 The legal dispute over the mental competency of media magnate Sumner Redstone has put the issue of financial elder abuse in the spotlight. The Redstone controversy, newsworthy because the control of corporations worth billions of dollars is at stake, is also an important reminder that seniors - even those who are not billionaires - are at risk for financial elder abuse from scammers and others who may seek to exploit them. Many con artists specifically target seniors, who they perceive as more trusting or more responsive to emotional appeals Redstone is the majority owner of the National Amusements theater chain. Through National Amusements, Redstone and his family are majority owners of CBS and Viacom, and Redstone is a former executive chairman of both corporations. Dauman and other executives are challenging their removal from the trust that is slated to take control of Viacom and CBS after Redstone dies or becomes incapacitated... Click here to read more. |
