How to Recognize Financial Elder Abuse
Financial abuse or exploitation of an older adult is when someone illegally or improperly uses an elder's assets, funds, or property. This form of abuse can be devastating because an elder victim's life savings can disappear in the blink of an eye, leaving them unable to provide for their needs and afraid of what an uncertain tomorrow will bring.
The financial abuser can be a family member; a caregiver or caretaker; a professional, such as an accountant, lawyer, doctor or banker; a new boyfriend, girlfriend, spouse or partner; or a stranger.
Help Veterans Protect Themselves From Scams and Financial Abuse
Share information and resources with vets and their families to protect their finances. There are many scams involving vets and their families, including so-called "investment seminars" to charity scams claiming to support troops. For more information on protecting veterans, see The Center On Elder Abuse.
More information
Consumer Financial Protection Bureau:
www.consumerfinance.gov
855-411-2372