RHOC alum Vicki Gunvalson faces lawsuit from 74-year-old woman over financial elder abuse and fraud

Vicki Gunvalson is facing a lawsuit for financial elder abuse, negligence, fraud, and other allegations from a 74-year-old former client of her Coto Insurance company.

The suit, filed in May at the Superior Court of California in Orange County and obtained by Page Six on Wednesday, was brought by Diane Field, who claims she was exploited by the Bravo star and her business partner, Ali Hashemian.

According to the legal documents, Field asserts that she and her late husband, George Field, had a combined net worth of $6 million, thanks to investments in stocks and funds she inherited from her mother who passed away in 2002.

Diane took over the management of their finances and her inheritance when George was “seriously injured” in a bicycle accident that same year.

In 2016, she was advised to invest the funds into an Allianz 222 annuity, a type of insurance contract intended to reduce taxes and provide a steady income stream.

“Diane has always left the money in this account (never been touched) for the sole purpose of growing it for her daughter,” the complaint states.

In 2019, Diane attended a dinner hosted by Coto Insurance and Financial Services, where she met Vicki Gunvalson, the “Real Housewives of Orange County” alum, who allegedly showed an interest in her wealth.

Gunvalson, 62, allegedly promised Diane a “safer diversified plan” that would also “help lower the taxes she had been paying” and increase “future/potential financial capital for her children.”

Diane acknowledges that she was vulnerable at the time, as she was dealing with “anguish and trauma,” as her husband’s health was not doing well.

She was reportedly advised by Gunvalson and Hashemian to invest in life insurance, but they “failed to tell her how much it would cost and instead focused on why it would be a good deal.”