Articles Posted in Elder Abuse

(December 29) The case of a Florida retiree cheated out of his life savings highlights the tragic depth of financial abuse of the elderly. Ninety-one-year-old Joe Forrest of Sarasota lost $246K to former broker Paul Arnold of Raymond James & Associates. Only the accidental intervention of a caring acquaintance led to an investigation and, ultimately,…

(December 5) Two recent scientific studies may help explain why the elderly tend to fall victim to financial fraud in disproportionate numbers. In 2009 the National Institute of Justice found that almost 12 percent of Americans 60 and older had been financially exploited; for 2010 MetLife estimated the total size of elder financial fraud losses…