According to a recent article by Wells Fargo Advisors, “Older Americans are losing about $2.9 billion every year to people who take advantage of their vulnerabilities – and that’s only…
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A new report, released by True Link Financial, a financial services firm based in San Francisco has revealed that seniors lose $36.48 Billion each year due to financial elder abuse….
Financial abuse of elders is an unfortunate reality. In fact, elders are often specifically targeted by criminals looking to commit fraud and identity theft. There are many ways to prevent…
Thousands of elders become victims of financial abuse each year. Studies have sought to determine why so many elders fall prey to financial scams, and by and large, it is…
There are plenty of opportunists (read: criminals) looking for ways to obtain the sensitive, personal information of seniors. From digging through trash, to stealing from mailboxes, identity theft is alive…
In California, financial elder abuse is defined in Welfare and Institutions Code §15610.30. The code states: “Financial abuse of an elder or dependent adult occurs when a person or entity……
Fraud.org (a division of the National Consumer League) recently released a 2013 report which shows that phone scams had increased by 25% over the last year. Moreover, the National Consumers…
Financial abuse of the elderly can come from the most unlikely of perpetrators, and last month’s arrest of a former insurance agent is just the most recent example. In the…
Identity theft typically spikes during the holiday season, and as such, it’s worth reiterating the fact that elders may be at an increased risk of becoming victims of identity theft….
The San Diego County District Attorney’s office has set up an entire site devoted to elder abuse prevention and awareness. The “Safe Seniors” website provides valuable tips for preventing elder…