Gunvalson previously sued in 2019 by woman, 82, over insurance policy. Have YOU got a story? Email. READ MORE:Real Housewives of Orange County star Vicki Gunvalson has denied claims of financial elder abuse from a one-time client of her Coto Insurance & Financial Services firm.
'Ms. Gunvalson did not engage in any conduct that could be considered financial elder abuse, breach of fiduciary duty, or fraud.' Field said in legal docs reviewed by Page Six Wednesday that Gunvalson and Hashemian misled her amid a series of financial dealings. She said that she had been advised in 2016 to place her money in an Allianz 222 annuity, an insurance company's contract that minimizes the taxes a person pays while establishing a consistent source of monetary income, the outlet reported citing legal documents.
'Ms. Gunvalson did not engage in any conduct that could be considered financial elder abuse, breach of fiduciary duty, or fraud,' the statement said; Brandi Glanville, Gunvalson, and Tamra Judge in 2022 She told the court that both Gunvalson and Hashemian suggested to her that she should purchase life insurance but had 'failed to tell her how much it would cost and instead focused on why it would be a good deal.'
Field remit a payment of $300,000 in February of 2021, doing so as she believed her hands were tied and that she had 'no other choice' in the matter, she said in court docs. Gunvalson has past faced litigation from clients of her firm, as in 2019, an 82-year-old woman named Joan Lile said that the RHOC star and her firm had continued to raise premiums, but fell short on delivering the advertised benefits when Lile's spouse had died
She said that in April of 2023, she had let Gunvalson know she was upset with the deal. She subsequently inked a new pact that had a $100,000 premium payment resulting in a death benefit that would pay $3.6 million from years four to 10, and $1.45 million in the 11th year, the outlet reported. Gunvalson and Hashemian 'planned and engaged in their pattern of elder financial abuse with malice, oppression, and fraud,' Field's legal team said in the suit.
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