According to the 2010 Investor Protection Trust Elder Fraud Survey, one in five Americans over the age of 65 has been victimized by financial fraud. It has cost elder adults billions of dollars each year and can affect anyone. The results have devastating consequences for the victims, both financially and emotionally.
If you or a loved one is a victim, our elder financial abuse lawyers at Sanford Heisler Sharp will aggressively pursue legal action to make sure your funds are returned to you by those who exploited you or your family member.
Elder Financial Exploitation Can Happen to Anyone
According to the National Adult Protective Services Association, the number of those affected by financial abuse has grown significantly in the past decade. Recent research shows that one in nine seniors have reported being abused, neglected or exploited in the past year with one in 20 older adults indicating some form of perceived financial mistreatment.
Financial exploitation can take several different forms and although the majority of reports involve family members, the perpetrator can be a complete stranger. Some of the common scams include:
Lottery and sweepstakes scams
Scams involving someone repairing your home for cheap
Grandparent scams where you’re told your grandchild is jail and needs money
Someone pretending to be from the utility company
Other forms of financial exploitation include predatory lending practices, high-pressure annuity sales, investment schemes, and identity theft.
Our Financial Elder Abuse Lawyers Can Help
Our elder financial abuse lawyers are dedicated to advocating for the rights of those who have become a financial fraud victim. If you or a loved one has become a victim, contact our elder financial abuse lawyers at Sanford Heisler Sharp for an evaluation of your case.
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