Hundreds of thousands of
elderly persons are financially exploited each year. Elder financial
abuse is devastating not only to the financial health of its victims,
but also to their very lives and wellbeing, as it often leads to
serious illness and premature death.
Elder abuse scams constitute a multi-billion dollar "industry" which
steals not only from the older people who are their victims, but also
from all of us, since taxpayers pick up the costs of caring for the
elderly once their assets have been stolen.