Elder Financial Exploitation - The Basics
Elder financial exploitation, or EFE, is a fast-growing and despicable form of abuse of seniors. It’s also the most prevalent form of elder abuse. In general, elder financial abuse is any fraudulent act that uses the resources of an older individual for personal benefit, or an action that deprives an older individual of their belongings. Older adults lose more than $27.4 billion every year to scams, fraud, and exploitation. In this course, we’ll discuss some examples of elder financial exploitation, go over why the elderly are targeted, and who they’re typically targeted by.
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