It’s this type of abuse that led lawmakers this year to pass the Elder Abuse Prevention and Prosecution Act, put forward by Iowa Sen. Chuck Grassley and signed into law by President Trump in mid-October.
The law creates tougher penalties for frauds, expands information sharing rules to prevent financial fraud targeting seniors, and expands the federal criminal code to include email marketing schemes.
“Exploiting and defrauding seniors is cowardly, and these crimes should be addressed as the reprehensible acts they are,” Grassley, himself a senior citizen, said earlier this year.
When you work as an elder law attorney, you see people who have fallen victim to these sorts of crimes all too often. And while stronger penalties are no doubt a good thing, there are things you can do to prevent your loved ones from falling victim to financial elder abuse: