Elder theft cases and financial exploitation of seniors frequently arise when people whom the elder has placed in a position of trust gain access to the financial records and bank accounts of the elder. Sometimes the exploitation is at the hands of a family member but often times it is a financial advisor or bank employee who has established a business relationship with the elderly person who perpetrates the abuse.
Because of increased public awareness of elder abuse and financial exploitation of seniors many states and cities have targeted crimes against the elderly and have organized legal and law enforcement agencies to address the growing epidemic of crimes against the elderly.
In a recent case involving elder theft, a former bank employee in New York will receive a sentence of a minimum of three years to a maximum of nine years in prison for stealing $300,000 from a ninety-year-old woman who suffered from dementia. Family members of the woman discovered the theft shortly before her death. He continued visiting the elderly woman at her home after losing his job at the bank.
The former bank employee entered a guilty plea to charges of grand larceny and stolen property. He allegedly used money that he stole from the elderly woman to purchase luxury items from high-end retailers such as Louis Vuitton, Bergdorf Goodman and others.
The case was prosecuted by the Manhattan District Attorney’s Elder Abuse Unit, which handles approximately 700 cases of elder abuse and financial exploitation of elders.
If you are concerned about financial exploitation of elders or elder abuse of yourself or a loved one, seek legal advice from a qualified attorney. Contact the The Evans Law Firm, email@example.com or 415-441-8669.