While the number of violent crimes in the U.S. is decreasing, financial crimes against the elderly are increasing as a result of the aging of the population and greater concentration of wealth among older people.
Since 1990 I have investigated more than 1,000 cases of exploitation of the elderly during my former career as a detective with the Fort Lauderdale Police Department. During this time I've realized that reports that address financial crimes against the elderly usually conflate two types of crimes, fraud and exploitation.
Fraud is based on deception, but exploitation of the elderly is a much subtler and much more often ignored crime. Justice Potter Stewart's famous definition of pornography applies equally to exploitation crimes: I may not be able to define it precisely but I know it when I see it.
Full Article and Source:
Financial Abuse: Fraud Vs Exploitation of the Elderly
Note: Joe Roubicek has investigated over a thousand exploitation crimes and provided training for universities and law enforcement agencies since 1992. He is the author of "Financial Abuse of the Elderly."
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