Thursday, August 25, 2005

Notes from August Meeting: Financial Exploitation

Presented by Lei Shimizu & Calvin Lum

The Law: Wrongful or negligent taking, withholding, misappropriation, or use of a dependent adult’s money, real or personal property.

Signs of Financial Exploitation:

Unprecedented transfer of assets from dependent adult to another; drastic changes in bank accounts; frequency or amount of withdrawals; withdrawals from automated banking machines when the person cannot get to the bank machine; caregiver receives frequent expensive gifts from elder; caregivers name has been added to bank account; elder signs on a loan; checks frequently made out to "cash;" numerous unpaid bills; signatures do not resemble elder’s or adult cannot write.

To Find Help, call Adult Protective Services, 832-5115, no need to leave name