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Evyn Moon. May 31, 2024 at 10:35 PM. TAMPA, Fla. - A recently signed bill is adding an extra layer of protection for seniors and their money, allowing banks to delay the withdrawal of large sums ...
Police say elder fraud cases reported to the Bradenton Police Department are up 50% this year. BPD recently launched an elder fraud unit, dedicated to combatting these types of schemes, and ...
People over the age of 60 in the US reportedly lost more than $3.4 billion in fraud schemes in 2023, a nearly 11% increase from the year before, according to a report from the FBI released Tuesday ...
Elder financial abuse is a type of elder abuse in which misappropriation of financial resources or abusive use of financial control, in the context of a relationship where there is an expectation of trust, causes harm to an older person. The Older Americans Act of 2006 defines elder financial abuse, or financial exploitation, as “the ...
The Florida Department of Elder Affairs (DOEA) is the Florida government agency focused on senior citizens. As described in the Older Americans Act , it is the state's unit on aging. It oversees the Office of Public and Professional Guardians (OPPG [1] ).
Elder law (United States) Elder law is an area of legal practice that specializes on issues that affect the senior population. Some say the purpose of elder law planning is to prepare the elderly person for financial freedom and autonomy through proper financial planning and long-term care options. [1] However, the purpose of elder law is not ...
The FBI’s new Elder Fraud Report says there was a 14% increase in the number of complaints filed by that age group with total losses topping $3.4 Billion. In Georgia, that figure is about $92 ...
Affinity fraud. Affinity fraud is a form of investment fraud in which the fraudster preys upon members of identifiable groups, such as religious or ethnic communities, language minorities, the elderly, or professional groups. The fraudsters who promote affinity scams frequently are – or successfully pretend to be – members of the group.