How do you identify elder fraud?
Some warning signs to look for in elder financial abuse are:
- Changes in their financial patterns
- Odd activity in a persons bank account, such as large purchases, unexplained withdrawals, or frequent withdrawals.
- The inclusion of additional names on an older adult’s bank account or a new joint account suddenly opened up.
- New “best friend” who accompanies the older person to the bank.
- Unpaid bills
- Credit card or bank statements no longer going to clients home.
- Checks written as loans or gifts to a person who the family does not know.
- A caretaker, relative or friend suddenly begins conducting financial decisions and transactions on behalf of the older person with out approved documentation.
How to help if you suspect elder financial abuse?
- Have a conversation with family or friends and discuss your observations and concerns with them.
- Report the abuse to Adult Protective Services (APS) in your state : https://www.napsa-now.org
- Contact your local police and fraud report
- Dial 911