Whether the fraudsters are &unscrupulous financial professionals, dishonest family members or complete strangers, senior financial abuse spans a broad spectrum of conduct and they targeting people of all levels of income.Donna FuscaldoFox Business
Financial Exploitation Lack of affordable amenities and comforts in an elder's home Giving uncharacteristically excessive gifts or financial reimbursement for needed care and companionship A caregiver has control of an elder's money but fails to provide for the elder's needs An older adult has signe...
And the rise in elder fraud has reached such a level that investment firms now are supposed to ask customers for the contact information of a “trusted person” they can alert if they suspect a case of financial exploitation. Just last week, federal agents broke up a Medicare scam that sold...