Social Security fraud should be reported to the Social Security Administration by calling 800-269-0271. You may call the United States Senate Special Committee on Aging by phone at (202) 224-5364 or by visiting their website. The Federal Bureau of Investigations (FBI) provides information for reporting cyber crime and fraud on their website.
If you feel you or someone you know has been a victim of elder fraud, you should call your local FBI field office or make a complaint using the FBI’s online tip submission system.A complaint can also be filed with the FBI’s Internet Crime Complaint Center if you are a victim of identity theft.It is also recommended that you maintain copies of any original material, emails, faxes, and logs of all correspondence.
In this section, the phrase ″exploitation″ refers to the act or process by which someone or a caregiver takes advantage of an aged person for the purpose of gaining a monetary or personal benefit, profit, or other benefit.
Abrupt modifications to legal or financial records, as well as the sudden disappearance of documents, are all indications of fraud. Documents such as wills, insurance policies, retirement funds, and other similar documents may be required. Making a rash of unannounced visits to attorneys or financial advisers is a red flag that something is wrong.
Legal or financial papers that have been changed or that have gone missing all at once are red signals that should not be ignored. Documents such as wills, insurance policies, retirement funds, and other similar documents may be requested. Unannounced visits to attorneys or financial advisers on a regular basis without explanation is a red flag.
Insist that the transaction be reversed and that you receive your money back. Is it possible that a fraudster made an unlawful withdrawal from your bank account? Inform your financial institution that an unlawful debit or withdrawal has occurred. Insist that the transaction be reversed and that you receive your money back.
Financial exploitation of the elderly, often known as senior scam, occurs in California. Financial elder abuse, in its most basic definition, is the theft or misappropriation of money or other property from an elderly person. Sections 368(d) and 368(e) of the California Penal Code punish this sort of senior fraud, respectively (e).
Failure to meet financial commitments such as neglecting to pay rent or mortgage, medical insurance or bills, electricity and trash bills, as well as property taxes and assessments is considered financial neglect.
According to a poll conducted by Wells Fargo, two-thirds of financial crimes against the elderly are committed by family, friends, or other trustworthy persons. According to a new poll, financial fraud against the elderly is most typically conducted by people closest to the victims: family members, friends, or other trusted persons.
Signs of financial exploitation Unidentified source of financial loss. There is a scarcity of funds to pay for necessities such as rent, bills, and food. Access to and checking of bank accounts and bank balances is restricted. The decline or alteration of one’s level of life, for example, not having products or things that one would normally have.
If you feel an older person is being victimized by financial abuse, you can report it to Adult Protective Services, local police enforcement, or the senior’s financial institution. It is preferable to seek treatment for financial abuse as soon as possible after becoming aware of it. When faced with this predicament, the guidance of an attorney may be highly beneficial.
Was there anything I could have done to prevent someone from taking advantage of an elderly family member?
Here are a few steps you may do to protect yourself from financial exploitation: