What is elder financial abuse?

Elder financial abuse is a form of elder abuse that takes advantage of older adults financially. It usually involves someone taking advantage of an elderly person’s finances without their knowledge or consent. Elder financial abuse can take many forms, including scams, identity theft, and exploitation. Scams are when someone deceives an elderly person into giving them money or personal information under false pretenses, often in the form of a fake product or opportunity. Identity theft is when someone steals an elderly person’s personal information and uses it for their own gain. Exploitation is when someone takes advantage of an elderly person’s finances or assets, often by taking control of their accounts or taking out loans in their name. In Washington, the Office of the Attorney General is the primary law enforcement agency that investigates and prosecutes cases of elder financial abuse. The agency has established a specialized unit to handle these cases. The unit works to protect elderly citizens from becoming victims of elder financial abuse and works with other agencies and organizations to provide information and support to victims. By educating older adults, law enforcement, and other stakeholders about the many forms of elder financial abuse, the Attorney General’s Office of Washington is working to reduce incidents of elder exploitation.

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What is elder financial abuse?

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