Financial Exploitation of Elder or Incapacitated Adults- 2011 Legislative Program

Initiate/support legislation to make the financial exploitation of an individual suffering from a diminished mental capacity a criminal act, whether the victim is impaired due to advanced age, mental illness, mental retardation, physical illness or disability, or other causes.  For example, there has been a fifty percent increase in reported cases of elder fraud between 2008 and 2009.  Moreover, this statistic likely does not capture the true extent of the problem, as instances of financial exploitation are often not reported due to victims’ embarrassment, fear of loss of independence, or inability to recognize that they have been victimized.





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