Financial exploitation of older adults occurs when someone misuses or illegally uses an older adult's money, assets, or accounts without their consent. This can include crimes such as theft, fraud, unauthorized use of bank accounts or cards, manipulation to sign legal documents, or pressure to change wills and powers of attorney. Often, these abuses are committed by people the older adult trusts, such as family members, caregivers, or acquaintances.

Warning signs may include:

• Frequent or unexplained withdrawals of money
• Sudden changes in wills, powers of attorney, or bank accounts
• Lack of money for basic needs, despite having resources
• Documents signed without clear explanation
• Loss of valuable assets

Detecting these signs early can make a big difference in protecting the elderly person.

What to do if you suspect abuse or exploitation?

If an older person is being financially exploited or abused in any way, it's important to report it immediately. The following options may help:

• Local or state authorities
  • If the situation is an emergency, call 9-1-1.
  • For non-urgent situations, you can contact the state agency for senior services or the local police department.
• Department of Justice – Elder Justice Initiative
  • The U.S. Department of Justice offers resources to help victims and their families find support and report abuse. You can request help or report financial exploitation through your local Justice Department. official website.
• Community support networks
  • Local social service organizations, senior citizen helplines, and advocacy groups can offer guidance, legal assistance, and emotional support to victims and their families.

Protecting the financial and emotional security of older adults is essential to preserving their dignity and independence. Acting quickly on warning signs and knowing how and where to report abuse can prevent further harm and bring justice to victims.