To begin, let’s define our topic. Financial Elder Abuse is “when someone takes or misuses another person’s money or property for the benefit of someone other than that person. For example, neighbors, caregivers, professionals, and even family or friends may take money without permission, fail to repay money they owe, charge too much for services, or not do […]
Attacking Elder Financial Abuse
Recent news of the largest federal crackdown on elder fraud in U.S. history should send a powerful message to financial institutions; prevention of this growing problem is critical, and technology holds the key. Many were surprised by the scale of law-enforcement actions announced Feb. 22, in which more than 250 defendants were charged in schemes […]