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Elder Financial Abuse

What is elder financial abuse?
Elder financial abuse is using an elder’s money or assets contrary to the elder’s wishes, needs, or best interests, for the abuser’s personal gain

What are examples of elder financial abuse?

Elder financial abuse covers a wide range of activities, including:

Who are the perpetrators of elder financial abuse?
Family members, including children, grandchildren, or spouses. They may:

 *Resource: FDIC Money Smart Information Booth

For more information follow the links below:

Senior Housing Crime Prevention Foundation Website: http://www.shcpfoundation.org

FDIC News Article: http://www.fdic.gov/consumers/consumer/news/cnwin1112/elderfraud.html

FinCEN Article: http://www.fincen.gov/news_room/nr/html/20110218.html

Federal Trade Commission Paper: http://www.ftc.gov/os/2000/08/agingtestimony.htm

Division of Aging Services: http://aging.dhs.georgia.gov/adult-protective-services

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