Protect from Fraud

Protecting Your Loved Ones from Financial Elder Abuse

Financial elder abuse is when a relative, caregiver, stranger, or “friend” exploits an older person to deplete savings and assets that have taken years to accumulate. This type of abuse can severely affect an elder’s lifestyle. Elder abuse is accomplished by taking or misusing the property or resources of a vulnerable adult by means of undue influence, breach of a fiduciary relationship, deception, harassment, criminal coercion, theft, or other unlawful/improper means.

Identifying elder financial fraud can help protect older friends and relatives against these types of losses.



*Source: FinCEN SAR statistics: https://www.fincen.gov/reports/sar-stats