Fraudulent use of Power of Attorney | AccountingWEB

Fraudulent use of Power of Attorney

The October 2013 edition of "Accountancy" includes a small piece on an accountant who swindled an elderly widow out of over £180,000, under a Power of Attorney.  Whilst having broad knowledge of Powers of Attorney, the views of those more expert in the field would be appreciated, in respect of the legal safeguards.  My specific interest has been aroused by a friend who has suspicion that an elderly lady friend of his may have been similarly swindled arising from a Power of Attorney effected approx. 4 months ago.  I have not researched this matter yet at all and the views of those members more experienced in the field would be greatly appreciated.

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depends

pembo |
pembo's picture

The safeguards are in the drafting

Vaughan Blake1 |

thats the point

pembo |
pembo's picture

Powers of Attorney

davidwinch |
davidwinch's picture

Yes but..

Vaughan Blake1 |

horses for courses

pembo |
pembo's picture