The Dangers of Financial Exploitation in Elder Care Facilities

Last updated 1 year ago

Almost two million elders are subject to physical or psychological abuse in America each year. One of the most common types of abuse is financial exploitation, which robbed America’s elderly citizens of nearly $3 billion in 2010 alone. Much of this financial abuse takes place at elder care facilities or by trusted caregivers in the home. Read this article to learn about some of the fraudulent and deceptive ways of obtaining financial wealth from the elderly and what you can do if this happens to you or your loved one:

  • Forgery: Have you noticed that money has been withdrawn from your loved one’s bank account unknowingly or a credit card has been used for a purchase you did not make? It is possible that someone who is supposed to be caring for your loved one has written a check out to himself with your loved one’s checkbook checkbook or stolen credit card information.
  • Coercion: If your loved one is prescribed heavy medication or has Alzheimer’s or dementia, then he or she may be coerced into giving away money or signing a deed or even a power of attorney over to someone without consciously choosing to do so.
  • False Promises: More and more frequently, caregivers are convincing the elderly to give them money or generous gifts in exchange for promises of lifelong care that is rarely followed through on.
  • Property Theft: Has money, jewelry, or a valuable possession disappeared have from your room? Incidences of theft carried out by employees in elder care facilities are on the rise.

Signs of financial abuse include missing property, suspicious credit card activity, and unrecognizable revision to financial documents. A personal injury attorney can help your loved one seek retribution for financial abuse. If you ever suspect that someone you love is in danger at the hands of an abuser, then contact the police.

If you or someone you love has been the victim of abuse in an elder care facility, then contact a personal injury lawyer today. For access to a trusted network of injury attorneys with close to twenty years of experience defending the elderly against exploitative caregivers, call Malman Law at (312) 983-6193. We also handle personal injury cases involving car accidents and workers’ compensation.

Disclaimer:

The materials available at this website are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use and access to this website or any of the links contained within the site do not create an attorney-client relationship. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.

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