Examples of Common Forms
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What is an elder scam?
The fraudulent or otherwise illegal, unauthorized, or improper act or process of an individual that uses the resources of an older individual for monetary or personal benefit.
What is financial elder abuse?
An older adult who lives alone and has no relatives nearby.
What is loneliness/isolation?
An elder is scammed, leaving them feeling sad.
What is mood changes?
An elder attends lots of community events, frequents the gym, has weekly dinners with family.
What is remaining socially active?
A close relative takes elders jewelry to sell, unbeknownst to the elder.
What is elder theft?
Often people who are closest to the elder.
An older adult who struggles with memory loss and decision making.
What is dementia?
An elder is financially abused and develops an increased skepticism of others.
What is loss of trust?
An elder asks a trusted person before making any large payments.
What is being proactive?
An elder is forced to sign a check by their court appointed POA
What is power of attorney abuse?
Theft is often perpetrated by a trusted person while scam is perpetrated by a stranger or imposter.
What is the difference between elder theft and elder scam?
An older adult is battling cancer, leaving less time to focus on things such as managing finances.
What is declining physical health?
An older adult lies about being financially abused because they are embarrassed.
What is not reporting?
An elder educates themselves about financial abuse and ways to avoid it.
What is becoming familiar with state elder abuse programs?
A relative asks the elder for access to their inheritance.
What is inheritance impatience?
$36 Billion
What is the estimated amount of money lost to financial elder abuse each year.
What is an older adult who has a "new best friend"?
An elder is evicted, loses their car, or loses utility.
What is inability to make payments?
An elder keeps their money in an account just for themselves.
What is avoid joint bank accounts?
Knowingly submitting, or causing to be submitted, false claims or making misrepresentations of fact to obtain a Federal health care payment
What is medicare fraud?
1/18
What is the proportion of cognitively intact older adults affected by elder financial abuse?
What is lower comfortability with technology?
An elder does not share about their financial abuse to their family in order to maintain autonomy over their life.
What is hiding abuse?
An elder who is developing memory loss finds a trusted person to be their POA.
What is invoking Power of Attorney.