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Seniors continue to fall victim to financial exploitation

June 14, 2012
by Sandra Hoban
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Financial abuse of the elderly is growing, according the results of an online survey by the nonprofit Investor Protection Trust (IPT). More than 760 adult protective services workers, law enforcement officials, medical professionals and other frontline responders participated.

Findings indicate that 96 percent of fraud/financial abuse experts agree that the problem is “very serious” (70 percent) or “somewhat serious” (26 percent).  Ninety-three percent of respondents agree that medical professionals play an important role when they learn to spot and report the warning signs of financial abuse of the elderly.

Most financial abuse goes unreported. The top three reasons: the victim’s embarrassment, con artists that string the victims along until it’s too late and adult children who fail to spot the problem and intervene.

Survey results and a presidential proclamation were released in advance of World Elder Abuse Awareness Day, June 15, 2012.



Here's a big financial abuser threatening the health and wealth of our vulnerable elderly and disabled and our nation; and this abuser is thriving under the radar –

Unlawful and abusive adult guardianships and conservatorships are harming families and pauperizing vulnerable, disabled, and elderly people all over this country.

Guardianship law is designed to "guard", "conserve", and "protect" incompetent people and the public. Over the years, the laws have been misused, misapplied, or manipulated to unjustly enrich court-appointed fiduciaries at the expense of and to the detriment of the very people the courts have assigned them to protect.

Who pays the price? Every taxpayer picks up the Medicaid tab when wards are pauperized into indigence under the guise of "protection."

Guardianship abuse IS elder abuse!

JOIN the national movement for reform. Join NASGA!

Elaine Renoire