Financial Elder Abuse: The Ultimate Elder Swindle

Written by Adam Peck Category: Elder Law January 26th, 2013 2 min read

More than 7.3 million older Americans — one out of every five citizens over the age of 65 — have been victimized by a financial swindle. Elder abuse is found in all socioeconomic and ethnic populations and as more baby boomers age, the problem is getting worse. It is everyone’s moral responsibility to care about these at-risk residents.

What is elder abuse and neglect?

Elder abuse, as defined by the National Center on Elder Abuse, refers to intentional or neglectful acts by a caregiver or “trusted” individual that lead to, or may lead to, harm of a vulnerable elder. Physical abuse, neglect, emotional or psychological abuse, verbal abuse and threats, financial abuse and exploitation, sexual abuse, and abandonment are considered forms of elder abuse.

One single indicator may not necessarily point to abuse but again, according to the NCEA, any of the following may be warning signs of a problem:

— Bruises, pressure marks, broken bones, abrasions and burns may indicate physical abuse, neglect or mistreatment.

— Unexplained withdrawal from normal activities, a sudden change in alertness and unusual depression may indicate emotional abuse.

— Bruises around the breasts or genital area can occur from sexual abuse.

— Sudden changes in financial situations may be the result of exploitation.

— Bedsores, unattended medical needs, poor hygiene and unusual weight loss are signs of possible neglect.

— Behavior such as belittling, threats and other uses of power and control by spouses may indicate verbal or emotional abuse.

— Strained or tense relationships and frequent arguments between the caregiver and elderly person are also signs.

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Written by Adam Peck

Expertise: Personal Injury

Adam J. Peck, ESQ is a principal with Peck Law Group, APC. In 2008, Mr. Adam Peck received his Juris Doctorate from Whittier Law School where he graduated Cum Laude. His practice is primarily dedicated to representing Elders, Dependent Adults, along with their loved ones and family members, who have suffered horrific personal injuries.