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