• Mark Reckman - Financial Abuse of the Elderly

  • Jan 23 2025
  • Length: 9 mins
  • Podcast

Mark Reckman - Financial Abuse of the Elderly

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  • Summary

  • Roughly 6 million Americans suffer from one or more dementia symptoms. 10% of folks
    over 85 have dementia. This is expected to rise to 14 million people by 2050.
    Profile of Potential Target:.

    1. Dementia symptoms
    2. Easily influenced by others
    3. Lives alone (isolated)
    4. Lonely
    5. Recent loss of family member

    Forms of Abuse:
    1. 1. Forging checks or forcing victim to sign checks
    2. 2. Forcing victim to sign a deed, will, trust or POA
    3. 3. Stealing property
    4. 4. Promising lifelong care in exchange for money
    5. 5. Using property without payment or permission
    6. 6. Phone scams
    7. 7. Mail scams
    8. 8. Internet scams
    9. 9. Self neglect
    Indicators of Abuse:
    1. Changing mailing address on financial reports/statements
    2. Large withdrawals
    3. Unpaid bills
    4. Substandard care
    5. Perpetrator spends too much time with victim
    6. Perpetrator shows too much interest in money matters
    7. Missing belongings
    8. Limiting visitation by family and friends
    9. Investing in sketchy business ventures
    10.Late life marriages

    Duty to Report:
    1. Last year, Ohio passed a new law that creates a duty for lawyers, doctors, social
    workers and mental health professionals to report suspected abuse
    2. Reports are investigated by Ohio Adult Protective Services (1-855-OHIO-APS)
    3. Reports are kept anonymous
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.