AARP Virginia warns of elder financial exploitation

By Citizen Staff

In recognition of World Elder Abuse Awareness Day on June 15, the AARP of Virginia is urging seniors and their caregivers to be aware of potential scams and elder financial exploitation.

The multi-billion-dollar problem of elder financial exploitation and reminds the public that it’s a crime that can have devastating consequences for individuals and families.

According to the AARP, elder financial exploitation – generally involving a known person who is deceiving and manipulating an older adult to steal from them – is a multi-billion dollar, and often unreported, crime.

AARP Virginia officials advise that one way to prevent elder financial exploitation is to encourage a loved one to designate someone they trust to help them with financial decisions. The federal government’s Eldercare Locator can help seniors find free or low-cost legal assistance if they need it.

AARP officials also are warning that seniors be wary of anyone who discourages contact with family and friends, exerts pressure on financial decisions, or asks for large sums of money. Financial exploitation is a crime and should be reported to Henrico Police at (804) 501-5000 or by calling 911 if the target is in immediate danger.

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AARP Virginia warns of elder financial exploitation