'Private Guardian' Jared E. Shafer Accused by Guardianship Commissioner of "Bleeding Money" From 93-Year Old War Hero

"I'm really trying to put an end to this. I get that Mr. Olvera is bleeding money, and I don't want it to continue" - Guardianship Commissioner Jon Norheim

Just Google or Bing the name "Guardian Jared E. Shafer," and a very troubling scenario will unfold. Contained within the dozens of links are the untold stories of mostly wealthy Clark County, Nevada residents who have allegedly been "bleeding money" under the color of law simply because they are elderly or frail. A decade ago, I began reporting stories of wealthy senior citizens being exploited by a group of - what I consider to be - officially sanctioned leeches. World War II hero Guadalupe Olvera and his wife Carmela in 2003 moved from California to Del Webb Sun city Anthem in Henderson, Nevada. The couple was wooed by fancy brochures and promotional videos into purchasing a new 3000 square foot home for $436,524.00 cash where they lived until Carmela's death in 2009 following a 63 year marriage.

Because of an obscure Nevada law, Guadalupe, who was 90 at the time of his wife's death, was not allowed to handle his own affairs or let his only child Rebecca Schultz become his legal guardian to tend to his move back to California and the sale of his Sun City house. Based on Mr. Olvera's physical disabilities, under Nevada law, a "local guardian" was required to handle his temporary financial affairs because his daughter was not qualified since she lived in another state. Enter Jared Shafer of  Professional Fiduciary Services of Nevada, Inc. (PFSN, Inc.). Shafer, who is in private practice, was recommended by a staff member in the office of Clark County Guardianship Commissioner Jon Norheim, even though public officials are not legally allowed to make such recommendations.

Unfortunately, Schultz failed to do research on Shafer's background before agreeing to hire PFSN, Inc. because she assumed the county's referral would be trustworthy. Jared Shafer has not responded to numerous requests for his side of this story. Shafer's "guardianship" was to only last a few weeks, time enough to settle Olvera's financial affairs and list his house with a realtor. However, weeks turned into months, and Olvera became lonely for his daughter, granddaughter, and great granddaughter and wanted desperately to move back to California where he had lived most of his life.

 In the meantime, Shafer as guardian was given exclusive control of Olvera's finances. It was soon discovered he was "bleeding money" from Olvera's trust account at Wells Fargo while Olvera was retained in Henderson against his will. Upon learning of Shafer's withdrawals from his trust, Olvera became infuriated, and In September 2010, directed his daughter to move him back to California and sever his contract with PFSN, Inc. Prior to Olvera's directions to move him back to California, Rebecca and her friend Ruth Carney (a Nevada resident) had followed legal protocol and filed Motions at their own expense with the court to terminate Shafer's guardianship, and that Schultz and Carney be appointed co-guardians, but their efforts were thwarted by the court.

Full Article and Source:
American Mafia/Inside Vegas: "Private Guardian" Jared E. Shafer Accused by Guardianship Commissioner of "Bleeding Money" From 93-Year Old War Hero

See Also:
NASGA: Lupe Olvera, Nevada Victim

Former Public Guardian