Recognizing Elder Financial Abuse. What to Know and What to Do.
Posted On: February 5, 2024 by Prevail Bank in: Banking / Money Management, Fraud
Recognizing Elder Financial Abuse. What to Know and What to Do.
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Imagine a family member offers to buy groceries for an elderly grandparent. The family member uses the grandparent’s debit card to buy groceries while also buying many items for their own personal use with the debit card without the grandparent’s permission.
Now, imagine a person has authorized access to an older friend’s bank account to help pay bills, insurance, and rent, but instead the bills and...
