“In 2018, 9.4% of all reports to BBB’s ScamTracker came from military personnel, veterans or their spouses, BBB of Metropolitan New York said.” The scam victims who were military personnel, veterans or their spouses reported higher median losses than non-military consumers, the BBB said. nj.com says in its recent article…
“By the time Groucho was an old man, however, he experienced significant problems in his daily activities, medical decision-making and the management of his estate. He suffered from elements of dementia, a heart attack and congestive heart failure, falls resulting in a broken hip, and after that hip was repaired,…
There are definitely advantages to all the perks of fame and fortune that come with being a celebrity. However, aging celebrities are just as vulnerable as regular people, when it comes to elder financial abuse. The major difference is that their stories are reported in the news. Recent news stories…
The number of seniors being exploited or abused quadrupled from 2013-2017. Tracked now by a number of financial institutions that submit data to FinCEN, a federal government watchdog agency, elder abuse has become a national epidemic. More than 180,000 Suspicious Activity Reports submitted by banks to the federal government were…
This is a cautionary tale about what can happen, when the wrong person is given power of attorney. The problem here is that a man changed his power of attorney without any review or oversight from any family members, including his own wife. Why Dorothy Jorgenson’s husband changed his power…
“Iowa Senator Charles Grassley is among those in Congress calling for a crackdown on elder abuse crimes in the country.” The witnesses of loved ones affected by elder abuse incidents testified at a recent Senate Finance Committee hearing in Washington. Those witnesses included Pat Blank, longtime Iowa Public Radio host,…
Virginia is taking steps to protect seniors and other vulnerable individuals against financial exploitation, by giving financial institutions more resources to prevent this growing crime. With bipartisan support, the state House and Senate of Virginia have passed versions of State Bill 1490, which encourages financial institutions to have more leeway…
“The man who took care of Robert Indiana in the last years of his life, told a probate court hearing Wednesday that he was paid roughly $250,000 a year to tend to the aging artist, whose estate and legacy are now the subject of acrimony and lawsuits.” Under questioning by…
Talk about going big–New York’s Governor Cuomo is expanding services for seniors at risk of elder abuse with an $8.4 million package, combining state and federal funding. Governor Cuomo announced that services for vulnerable adults at risk of abuse, neglect or financial exploitation will be improved through a new initiative…
The use of technology—including cell phones, emails and social media—has dramatically increased the number of potential victims. There’s good news and bad news on the elder fraud front. Law enforcement recently conducted the largest sweep of elder fraud cases specifically targeting the elderly, according the article “Law Enforcement Conducts Largest…