Although data is scarce on elder financial abuse, annual loss estimates range from $2.9 billion to $36.5 billion. Elder fraud is fraud targeting an elderly victim, which is defined as adults aged ...

Senate Bill 278, spearheaded by Sen. Bill Dodd, aims to shield elderly Californians from financial exploitation following tragic cases like Alice Lin’s loss of $720,000 to a cryptocurrency scam.

The average financial loss was $36,000 for seniors hit by financial abuse, based on a recent survey. Half of all caregivers said financial abuse caused the elder to isolate away from others.

Former financial planner David Walter Dempsey, 36, was sentenced to 3 to 6 years in a state correctional institution for ...

More than 8.68 million incidents of elder fraud occur each year in the U.S. with an average loss per case of $20,015, adding up to $113.7 billion per year, according to the Connecticut governor's ...

The Lius' suit asks the same question posed in other recent cases of alleged elder abuse: Why did their trusted financial institutions ignore obvious warning signs and not intervene sooner?

"Statistics show elder financial exploitation is increasing every ... victims suffered an average loss of about $25,000. Despite not being mandatory reporters, bankers are top reporters of senior ...

Financially exploited seniors face an average dollar loss of almost $25,000 ... is owned by those over 50 — makes older Americans prime targets for financial exploitation.

(WIBW) - An elderly man and woman were reported to be ... Riley County police officers filed a report of criminal use of a financial card around 12:13 p.m. Wednesday. Riley County police listed ...