It’s a tragic story that is in the news too often. A woman's son was writing checks to himself and having his mother, who was declining mentally, sign them. She believed she was signing checks for the entire family and had no idea the checks were all written to her son. As it often happens in these cases, the abuse was perpetrated by a family member. It has been estimated that 90 percent of abusers are family members or other people the victim trusts.
Financial exploitation of seniors is a growing problem as 1 in 20 seniors have reported financial exploitation. According to estimates, seniors lose over $36 billion each year to financial abuse and scams.