With technology becoming increasingly prominent in our every day lives, the risk of financial exploitation has increased as well. Those that are especially at risk include the elderly and adults with mental or physical impairments and scammers know to take advantage of them. Instances of financial exploitation commonly involve:
- Telephone scams requesting money for a loved one in trouble; financial information; donations; or claiming you are the winner of a lottery or sweepstakes
- Professional” scams where people are pressured into taking out loans or participating in investment schemes that promise unrealistic returns
- Misuse of a Power of Attorney or joint bank accounts by family members
Continue reading “New Rule Protects Seniors and Disabled Adults from Financial Exploitation”