Elder Financial Abuse is Underreported and Under-Prosecuted

Although instances of elder financial abuse are on the rise, a report by The MetLife Study of Elder Financial Abuse reminds us that elder financial abuse is by and large “underreported, under-recognized, and under-prosecuted.”

If you witness or experience any form of elder abuse, immediately contact Adult Protective Services in the county where the senior resides.

Click here for a nationwide directory of elder abuse prevention resources.

Recently, public and private organizations have stepped up their efforts to raise awareness about the financial exploitation of elderly investors. Below is a collection of links and resources aimed at protecting seniors from financial abuse.

• Kiplinger Magazine: The Crime of the 21st Century. Click here to download Special Report from Kiplinger’s Personal Finance
• Investor Protection Trust: A nonprofit organization devoted to investor education. Elder Investment Fraud and Financial Exploitation Prevention Program
• AARP: Five Tips to Help You Avoid Investment Fraud