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Keeping Our Loved Ones S.A.F.E. (Stop Adult Financial Exploitation ). Objectives:. Define Financial Exploitation List Key Terms and Facts Describe Warning Signs of Financial Exploitation Explain How You Can Report It. Financial Exploitation.

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Presentation Transcript
  • Define FinancialExploitation
  • List Key Terms and Facts
  • Describe Warning Signs of Financial Exploitation
  • Explain How You Can Report It
financial exploitation
Financial Exploitation
  • Vulnerable Adult’s or Elder Adult’s property or funds are misused
  • May happen without the victim’s consent or the victim is tricked, intimidated, or forced to give consent
  • May happen if the victimis not competent to giveconsent
types of financial exploitation
Types of Financial Exploitation
  • Type I: Personal Relationships
  • Type II: Scam Artists
key terms to remember
Key Terms to Remember
  • Vulnerable Adult:
    • An adult (over 18) who lacks the physical or mental capacity to provide for his or her daily needs
  • Elder Adult:
    • Individual who is 65 years old or older
  • Financial Exploitation:
    • Any action which involves the misuse of a vulnerable adult’s funds or property
key terms to remember continued
Key Terms to Remember (continued)
  • Adult Protection Services:
    • Local Department of Social Services that receives and investigates reports of abuse, neglect, and exploitation of vulnerable adults
  • Competent:
    • Able to understand the situation, the implications, and consequences of any choice
  • Suspect:
    • Any individual who reasonably appears to be engaged in some form of exploitation
  • Reality Check: Growingold is a fact of Life!
  • The number of older Marylanders is increasing.
  • More than 10,000 baby boomers will reach age 65 each day for the next 18 years or so
facts continued
Facts (continued)
  • The Office of Older Americans of the Consumer Financial Protection Bureau estimates that seniors are losing $2.9 billion a year to financial abuse
  • One out of every five citizens older than 65 -- or 7.3 million older Americans -- have been victimized in some way by a financial fraud. according to a 2010 Investor Protection Trust survey conducted by Infogroup/ORC.
facts continued1
Facts (continued)
  • Marylanders aged 60and over with functional disabilities related to mobility or personal care, totaled 237,004 in the 2000 U.S. Census.
  • Financial Exploitation robs victims of their hard earned savings. Retirement plans can often be ruined.
facts continued2
Facts (continued)
  • Elderly victims are too often ashamed or worry about losing their independence and will not talk about it or call the police.
  • As of October 1, 2012, reporting of suspectedFinancial Exploitationof elder adults is now mandatory by Financial Institutions in Maryland.
warning signs of exploitation
Warning Signs of Exploitation
  • Becomes suddenly distant or isolated from neighbors, family, or friends.
  • Not allowed to speak for themselves or make decisions
  • With an acquaintance who appears to be overly interested in their financial status
  • A sudden change in the member’s normal banking behavior
warning signs of exploitation continued
Warning Signs of Exploitation (continued)
  • Person can not remember financial transactions or signing legal documents
  • Receives frequent calls or mail from outside the U.S.
  • Appears nervous or afraid of the person accompanying them
  • Automobile is frequently missing from their drive-away or is gone at night.
warning signs of exploitation continued1
Warning Signs of Exploitation (continued)
  • Frequent withdrawals by ATM
  • Substandard care being provided or bills unpaid despite availability of adequate financial resources
  • Suspicious signatures on checks, credit card applications, or auto loan documents
  • The provision of services that are not necessary
warning signs of exploitation continued2
Warning Signs of Exploitation (continued)
  • Bruises, pressure marks, broken bones, abrasions and burns may be a sign of physical abuse, neglect, or mistreatment.
  • Behavior such as belittling, threats, or other uses of power and control by a caregiver or family member
  • Unexplained withdrawal from normal activities, change in alertness, or unusual depression exhibited
okay now what do i do
Okay, now what do I do?
  • Talk to the person.
  • Ask friendly questions.
    • Try to learn the background details
  • Try to separate the person from the suspect.
  • Report it.
how to report it
How to Report It
  • Gather as much facts about the incident as you can.
  • Call the Adult Protective Service Office for the City or County that the victim lives in.
  • Remember to provide:
    • Who, What, Where
    • The contact phone numbers- you and the victim.
note on reporting
Note on Reporting:
  • Persons who report the need for Adult Protective Services are protected under the law. Section 14-309 of the Family Law Article, Annotated Code of Maryland, states “any person who in good faith makes or participates in making a report under this subtitle or participates in an investigation or a judicial proceeding resulting from a report under this subtitle is immune from any civil liability that would otherwise result.”
resources for help
Resources for Help

Maryland Department of Aging 410-767-1100

Maryland Department of Human Resources


DC Department of Human Services

APS Hotline: 202-541-3950

Virginia APS Hotline: 1-888-832-3858