Financial exploitation is a type of elder abuse. Financial exploitation is the fraudulent or otherwise illegal, unauthorized, or improper actions by an individual that uses the resources of an older person for personal profit or gain; or actions that result in depriving an older person of the benefits, resources, belongings, or assets to which they are entitled. Elder financial exploitation is the theft of money, property or belongings. Cyber crooks often take advantage of our seniors who may not understand technology or where to get assistance.
In most instances of suspected elder abuse, including financial exploitation, you should contact Adult Protective Services, generally a part of your county or state department of social services.
You can find information about reaching your local Adult Protective Services office at the Eldercare Locator at eldercare.acl.gov, a public service provided by the U.S. Administration for Community Living, or by calling 1-800-677-1116.
- If the older person is in danger or you believe a crime has been committed, call 911 for an immediate response from the police.
- For cases of identity theft, contact your local police and the Federal Trade Commission (FTC) at 1-877-438-4338 or identitytheft.gov.
- If the loss involves funds held in a financial institution, such as a bank or credit union, report the problem to the financial institution immediately.
- Kern Schools is always available by phone or stop into one of our branches to discuss your account or report possible fraud.