Elder Financial Abuse by Family Members

At 93 years old, Beverley Schottenstein filed financial abuse charges against two of her grandsons, Evan Schottenstein and Avi Schottenstein, and JP Morgan. A ruling in February 2021, found the two grandsons and JP Morgan liable for abusing their fiduciary duty and making fraudulent misrepresentations. They also found the bank and Evan Schottenstein liable for elder abuse. It ordered JP Morgan and the grandsons to pay Beverley $19 million between them.

In this episode, I interview Cathy Schottenstein Pattap, one of Beverly Schottenstein’s granddaughters who took Beverly’s concerns seriously and testified on her behalf.

Here’s what you’ll discover in this episode:

• The Schottenstein family history of hard work, wealth, and the American dream.
• 95 year old, Beverley Schottenstein’s betrayal by her son, Bobby, and grandsons Evan and Avi, and the court case that found them and JP Morgan guilty of elder financial abuse.
• Ways in which ageism and sexism played a role in Beverley Schottenstein’s pursuit of justice.
• The difficult but important task of standing up for oneself in the face of abuse and exploitation.

Learn More About The Schottenstein Family Financial Abuse Case

• At 93, She Waged War on JPMorgan—and Her Own Grandsons – article by Tom Schoenberg, Bloomberg Wealth

• At 93, She Waged War on JPMorgan and Her Grandsons- Video by Bloomberg