MINNEAPOLIS (WCCO) – A 70-year-old South St. Paul woman is accused of using her control over her mother’s finances to steal more than $60,000 over several years to cover bills and support a gambling habit. 159 more words
Tags » Financial Exploitation
Financial abuse is the improper or unauthorized use of money, assets, or property. Elders are susceptible to financial abuse due to a variety of factors, such as physical and mental disabilities, language barriers, memory loss, or failure to fully comprehend complex financial matters. 1,475 more words
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Calls to a financial helpline for seniors based in Boca Raton have prompted proposed rules to make it easier to contact trusted loved ones or freeze funds in cases of suspected financial exploitation, regulatory officials said Thursday. 149 more words