An estimated 500,000 seniors in the U.S. need assistance with
their financial affairs. Financial exploitation of seniors is the
most common form of elder abuse.
There can be a fine line between exploitation and criminal behavior.
People who financially exploit seniors most often have unmet financial
needs, are desperate or greedy and have the opportunity to exploit,
defraud, con or scam. And, that opportunity is a vulnerable senior.
Until recently, there has been little attention paid to the devastating
effect that these financial losses can have on seniors. There is
growing recognition that both public awareness and professional
education are the key to prevention.