As technology grows and the population of elders increases, so does the opportunity and potential for financial abuse. Exploitation in some form or fashion has become a widespread issue with the expansion of the internet, text messages, and email. Fifty percent of all financial abuse is perpetrated by strangers, a third by family and friends, and the rest by businesses and health care institutions.
Scammers, family members, caretakers, friends, and other trusted individuals looking to take advantage of an elderly adult for profit or financial gain is guilty of financial abuse. This is most often done through email phishing, pyramid schemes, identity theft, impersonating charities and law enforcement, claiming to be a trusted business or company, the withholding of care, financial neglect, the acquisition of power of attorney, mismanagement of assets, falsifying medical claims, and health care fraud.
King Law Firm Attorneys at Law, Inc. is a fierce advocate for the vulnerable against misappropriation of assets, fraud, forgery, embezzlement, and theft. If you feel you have been a victim of financial abuse, contact us for a consultation.