Seniors lost more than $3 billion to scammers last year, the FBI says. More than 100,000 people over 65 years old were victims of financial elder abuse, with an average loss of $9,175. Nearly 2,000 older Americans each lost more than $100,000 in 2020. The FBI said...
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Financial Elder Abuse
Southern California woman accused of financial elder abuse
It takes less than an hour to drive east of Los Angeles to get to Norco. Among the city’s slightly more than 27,000 residents is a woman recently charged with financial elder abuse, money laundering and grand theft of personal property. According to the California...
Elder financial abuse: Five scams that target seniors
It’s unfortunate but true that older adults are more likely to be targets of scammers than any other age group. Because many seniors own their homes, have substantial savings and other assets, they are targeted for elder financial abuse perpetrated by family members,...
Stopping stimulus-related elder financial abuse
Every elder deserves to be treated with respect and honesty, but unfortunately, that does not always happen. Far too often, a caregiver, medical professional or even a family member will exploit their position or relationship to commit elder financial abuse. The...
Report: California near last in elder-abuse protections
California is often a trendsetter, blazing new paths in everything from popular culture to tax policy and environmental protections. But a new report shows that California finishes nearly last in protecting vulnerable older Americans from elder abuse. According to...
Pandemic exacerbating financial elder abuse problems
At the start of the COVID-19 pandemic, state and local governments tried to protect the most vulnerable in their communities by issuing lockdown orders that shuttered businesses, schools and more. Sadly, these shutdowns which were designed, in part, to shield seniors...
Who might be vulnerable to financial elder abuse?
Financial abuse is tragically not uncommon among elderly individuals. Such exploitation can take many forms, including through investment or lottery schemes, forged checks, identity theft, stolen goods and more. Perpetrators can range from scammers or con artists to...
Part two: Understanding the signs of financial elder abuse and what to do
This blog recently discussed some of the signs of financial elder abuse, as well as the circumstances that can lead to such exploitation. Below, we will address some possible steps to take after discovering or suspecting a loved one is a victim of financial abuse....
Part one: Understanding the signs of financial elder abuse and what to do
Financial elder abuse is a devastating but not uncommon occurrence in today’s society. According to the National Center on Elder Abuse, financial elder abuse includes the misappropriation of an elderly person’s finances or property. Suspecting that an elderly parent,...
Preventing elder abuse every day
The 15th Annual World Elder Abuse Awareness Day recently took place on June 15th, 2020. While designating a singular day to spread awareness of such a pervasive issue is helpful, heightened awareness should not be restricted to a single day out of the year. Let's take...