Financial Exploitation

Financial exploitation is the illegal or improper use of a vulnerable adult’s financial resources for another’s profit or monetary advantage.

Financial Exploitation2024-07-11T09:26:35-04:00

Financial Exploitation FAQs

How can we help vulnerable adults protect themselves from being scammed?2024-09-17T17:01:37-04:00

In October 2023, the Administration for Community Living (ACL) released information indicating an increase in reports of government imposter scam calls, including some claiming to be from Eldercare Locator, a resource that helps connect older adults and people with disabilities with resources in their community.  In response, ACL issued a Fraud Alert with some reminders to share with targeted populations, along with some general tips.

Reminders to share:

  • The government will never call out of the blue and ask for a Social Security number.
  • The government will never ask for payment by gift card or wire transfer.
  • Social Security numbers cannot be suspended.

General tips:

  • If you are ever suspicious about a call, hang up immediately. Find the organization’s contact information on your own (don’t use caller ID), and call or email them directly to discuss the situation.
  • Never give out your Social Security number, banking information, or Medicare number to anyone who contacts you through unsolicited calls, texts, or emails.
  • Never pay someone you do not know well via gift card or wire transfer.
  • Never click on an email link or attachment, unless you fully trust the sender.
  • Sign up for the National Do Not Call Registry.

Read the full email here:  Fraud Alert:  Scam Calls Targeting Older Adults

If you are interested in receiving other ACL alerts, subscribe to ACL emails.

Source:  U.S. Department of Health and Human Services, Administration for Community Living, “Fraud Alert:  Scam Calls Targeting Older Adults,” email to ACL Updates listserv, October 30, 2023.

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