Financial exploitation occurs when a person misuses or takes the assets of a vulnerable adult for their own personal benefit.

Older adults are vulnerable if they require assistance with their daily tasks either due to a physical or cognitive condition. The assets are commonly taken via manipulation, coercion, threat, deception, false assertions, or duress.

Predators often include:

  • Family, friends, caregivers
  • Telephone and internet scams
  • Romance scams
  • Financial advisors
  • Contractors