Financial exploitation occurs when a person misuses or takes the assets of a vulnerable adult for his her own personal benefit this frequently occurs without the explicit knowledge or consent of a senior or disabled adult depriving him her of vital financial resources for his her personal needs. Financial exploitation of the elderly in a consumer context an nij funded study sought to determine the nature and extent of consumer fraud victimization and to identify risk and protective factors for fraud victimization among elderly residents of arizona and florida. Financial exploitation of the elderly is a serious and often underreported problem financial exploitation of the elderly occurs when a person misuses or takes the assets of an elderly person and uses it for their own benefit. Elder financial exploitation financial exploitation is a fast growing form of abuse of seniors and adults with disabilities situations of financial exploitation commonly involve trusted persons in the life of the vulnerable adult such as. The department of justice is striving to combat financial crimes against older americans learn about prevalent financial scams so you can guard against them and get involved in making your community safer if you need help there is a elder abuse resource roadmap that can guide you to the right agency for your particular situation
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