When most people think of elder abuse, they think of physical abuse. While physical abuse of elders is common, financial elder abuse is actually the most common and is steadily on the rise. In California, there are laws against all types of elder abuse, including financial elder abuse. If you…
Senators Susan Collins (R-ME) and Amy Klobuchar (D-MN) sponsored Senate Bill 81, the Seniors Fraud Prevention Act of 2017. Both senators have spoken out about the need to protect seniors from fraud and scams. From Internet fraud to charity scams and Ponzi schemes, elderly citizens are often targeted. The intention…
The California Department of Business Oversight (CDBO) had disturbing news. The CDBO released a report in May on California’s Deferred Deposit Transaction Law, which showed senior citizens, those older than 62, took out more deferred deposit loans than any other age group. In fact, 23.4% of those over 62 relied…
In early February, a man from Newport Coast, California was charged with financial elder abuse, 19 counts of fraud, first-degree residential burglary to commit larceny, and theft from an elder after emptying the bank account of a 95-year-old woman who has dementia and resides in a nursing home. The man…