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April 30, 2024 at 3:54 PM. The FBI says 2023 was another big year for scammers swindling seniors. The new ‘Elder Fraud Report’ released Tuesday says those over 60 lost billions at the hands of ...
In 2023, the Federal Bureau of Investigation Internet Crime Complaint Center received more than 101,000 complaints by people 60 and over about a wide array of scams, according to an annual report.
The Older Americans Act of 2006 defines elder financial abuse, or financial exploitation, as “the fraudulent or otherwise illegal, unauthorized, or improper act or process of an individual, including a caregiver or fiduciary, that uses the resources of an older individual for monetary or personal benefit, profit, or gain, or that results in ...
Senior woman using mobile phone and credit card in a coffee shop. Elder financial scams are skyrocketing, with suspected fraud against seniors up nearly 50 percent in 2023, according to Thomson ...
Mandatory reporting in the United States. In many parts of the world, mandated reporters are people who have regular contact with vulnerable people such as children, disabled persons, and senior citizens, and are therefore legally required to ensure a report is made when abuse is observed or suspected.
Elder abuse (also called elder mistreatment, senior abuse, abuse in later life, abuse of older adults, abuse of older women, and abuse of older men) is "a single, or repeated act, or lack of appropriate action, occurring within any relationship where there is an expectation of trust, which causes harm or distress to an older person." [1]
Defrauding seniors has long been a favorite pastime of scammers -- especially during the holiday season -- but it has really picked up steam in recent years. Elder fraud losses have increased ...
A whistleblower is a person who exposes any kind of information or activity that is deemed illegal, unethical, or not correct within an organization that is either private or public. The Whistleblower Protection Act was made into federal law in the United States in 1989. Whistleblower protection laws and regulations guarantee freedom of speech ...