Defending seniors from moneygrubbers
Defending seniors from moneygrubbers
Helen Karr, 78

On crusade since: 1998

Day job: Lawyer, San Francisco district attorney's office

Achievement: Pushed for a California law to protect older adults from financial predators

Why she's a hero: A California beauty-salon manager for 25 years, Karr often heard tales of financial abuse, such as that of an elderly widower out $100,000 to his bank teller "friend."

Armed with a law degree earned at age 64, Karr spent years cajoling legislators and bankers until, in 2007, the state began requiring banks and credit unions to report suspicious activity in elders' accounts.

Says Karr: "Elders have saved, and their children are in debt. Some of them want their money early."


By Penelope Wang and Joan Caplin @Money - Last updated July 11 2012: 12:39 PM ET
Join the Conversation
Champions of the small investor

Vanguard founder Jack Bogle and his diehard online followers were chosen as MONEY Heroes for their commitment to spreading investment advice that preaches simple, low-cost, diversified investing.

Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.