Financial Abuse

Financial Abuse

Elder financial abuse spans a broad spectrum of conduct, including:

• Taking money or property
• Forging an older person's signature
• Getting an older person to sign a deed, will, or power of attorney through deception, coercion, or undue influence
• Using the older person's property or possessions without permission
• Promising lifelong care in exchange for money or property and not following through on the promise
• Confidence crimes ("cons") are the use of deception to gain victims' confidence
• Scams are fraudulent or deceptive acts
• Fraud is the use of deception, trickery, false pretence, or dishonest acts or statements for financial gain
• Telemarketing scams. Perpetrators call victims and use deception, scare tactics, or exaggerated claims to get them to send money. They may also make charges against victims' credit cards without authorization
• http://www.preventelderabuse.org/elderabuse/fin_abuse.html