Elder Financial Exploitation is the illegal use of an older adult’s funds or other resources for the benefit of an unauthorized recipient. Elder financial exploitation can deprive older adults of their life savings in whole or in part, devastate their financial security, and cause other harm. Studies place estimates of annual losses to U.S. older adults as a result of elder financial exploitation in the billions of dollars.
Following, please find links to educational articles provided by various federal agencies working to reduce and prevent elder exploitation, such as the:
If you or a loved one become a victim of elder financial exploitation you are encouraged to contact the U.S. Department of Justice (DOJ)’s National Elder Fraud Hotline (833-372-8311) for assistance with reporting to the appropriate government agencies, as well as, local law enforcement.