The illegal or improper use of a vulnerable adult’s resources for another's profit or advantage.
The wrongful or unauthorized taking, withholding, appropriating or use of money, assets or property of vulnerable adult OR any act or omission taken by a person, including through the use of a power of attorney, guardianship or conservatorship of vulnerable adult, to either:
obtain control through deception, intimidation or undue influence over the vulnerable adult’s money, assets or property to deprive the eligible adult of the ownership, use, benefit or possession of the eligible adult's money, assets or property.
convert money, assets or property of the vulnerable adult to deprive the vulnerable adult of the ownership, use, benefit or possession of the vulnerable adult's money, assets or property.
Signs of Financial Exploitation
Include but are not limited to:
- Accompanied by a stranger to the bank who encourages them to withdraw large amounts of cash
- Accompanied by a family member or other person who seems to coerce them into making transactions
- Client not allowed to speak for themselves or make decisions
- Implausible explanation about what they are doing with their money
- Concerned or confused about "missing" funds in their accounts
- Neglected or receiving insufficient care given their financial status
- Isolated from others, even family members
- Unable to remember financial transactions or signing paperwork