Veteran Con Man Back to Swindling Elderly Veterans

"The pitch to me doesn't make sense to me from an elder-law perspective, or as an attorney who practices in the field of veterans' benefits," says Santa Barbara elder law attorney Dallas Atkins.

Orange County estate planning attorney Tom McKenzie says the idea of a deferred caretaker agreement raises red flags. "If the parties are not living up to the requirements of the agreement, and they're using the agreement to gain public benefits, there's a problem," he says.

In my June 22 interview with Noe, he said any such agreement would merely be "an arrangement between the two parties" that didn't reflect on him. As for potential IRS issues, "I'm not giving tax advice in any way, shape, or form." Additionally, investment opportunities Sinclair might set up for veterans "are much better than the investments that are offered by the Wall Street bankers that fleeced the country."

In fact, by mere dint of writing about Noe, I am the one who should be considered guilty of a crime, he suggested. "Anything that takes away from helping the veteran, or scares the veteran from what they deserve, is pretty close to treason," he said.

I'll hand this to him: Paul Noe is really good at what he does. That's more than I can say for regulators charged with protecting the elderly.