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Unfortunately, senior citizens are easily capable of falling victim to financial exploitation in many different ways. Elders can be taken advantage of by their family members, caregivers, friends, and fiduciaries. Any elderly victim of financial exploitation should seek legal help from a proven California financial elder abuse attorney.
Doing so will help you learn more about your legal rights so that you can protect your loved one or yourself. Elder financial abuse is one of the terrible crimes in our society that occurs far too often. Strangers commit half of all senior financial exploitation crimes.
They are followed closely by:
Neighbors, family members, and friends (34%)
Perpetrators in the business sector (12%)
Medicare and Medicaid fraud (4%)
Annually, these crimes cost senior citizens more than $3 billion.