No Fee Unless We Win Guarantee

Financial Theft

Experienced Sacramento Injury Lawyer

Elder abuse comes in many different forms and is usually physical but emotional and financial abuse or exploitation is just as harmful. Financial elder abuse occurs when people cheat senior citizens out of their money or their property. Such exploitation can be committed by people they know, such as family members and caretakers or complete strangers. If you or somebody you know is a victim of financial theft, call an experienced Sacramento nursing home lawyer for help.

What Is Financial Elder Abuse or Senior Fraud?

Unfortunately, elderly people are often dependent on other people for their care, which puts them in a vulnerable position. Financial abuse is the theft or embezzlement of money or other property from an elder. If a caretaker or family member is responsible for managing the senior’s money, property or other assets, and commits one of the following crimes, they could be charged with senior fraud:

  • Not paying an elder’s bills that you are responsible for paying
  • Not purchasing necessary items for the elder that you are responsible for buying (food, medications, clothing, etc)
  • Making unauthorized withdrawals or purchases using the elder’s ATM or credit card
  • Making unauthorized changes to an elder’s will or power of attorney

Although most of the time, senior citizens are victimized by their children, grandchildren, spouses or caregivers, financial elder abuse can be perpetrated by strangers. This can include identity theft, investment fraud, phony charities or convincing the senior to buy something he cannot or will not use. Some more common scams by strangers include:

  • Lottery and sweepstakes scams
  • Home repair/traveling con men
  • Charity scams
  • Roof repair, yard work, home repair scams
  • Telemarketing scams
  • Medicare scams
  • Internet phishing – false emails about bank accounts

Some Common Scams by Family Members Include:

  • Using a Power of Attorney to steal the victim’s monies for the perpetrator’s own use
  • Taking advantage of joint bank accounts
  • Using ATM cards and stealing checks
  • Threatening to abandon, hit or harm the victim unless he or she gives the perpetrator money

If you are a victim of one of the actions above or anything else that relates to financial exploitation, contact an experienced Sacramento nursing home lawyer immediately.

Elder Financial Abuse Statistics

Because there is a growing population of senior citizens, it is not surprising to hear that there is a growing number of elderly abuse incidents. In fact, some shocking statistics suggest that elder financial exploitation is widespread:

  • Only 1 in 44 cases of financial abuse is ever reported
  • 90% of abusers are family members or trusted others
  • Abused seniors are 3 times more likely to die and elder abuse victims are 4 times more likely to go into a nursing home
  • 1 in 9 seniors reported being abused, neglected or exploited in the past 12 months

The effects of financial exploitation on a vulnerable individual is devastating. By working with an experienced attorney, the victim of elder financial abuse will be able to recover from any financial, physical or mental pain and suffering they may have endured. Don’t wait any longer to talk to a legal expert.

Speak with Our Sacramento Nursing Home Lawyer About Elder Abuse

Contact our offices in Folsom or Sacramento to discuss your injuries with a lawyer. We offer a free initial consultation to all new clients. You can reach us by phone at (916) 357-6767 or send us an email to schedule an appointment.

Hear From Our Satisfied Clients

  • “I would recommend Joe Weinberger to anyone needing an advocate to fight for you.”

    - Ron T.
  • “From the very first call, the receptionist was very warm and friendly, helping me to forget my woes. It only got better from there.”

    - Ted R.
  • “The Weinberger Law Firm helped me get my life back on track.”

    - Robert M.
  • “Extremely knowledgeable, professional, compassionate, and forthright.”

    - Sandra D.
  • “They were very helpful and kept me in contact throughout the whole process.”

    - Michael V.

Meet Joe Weinberger

Nearly 30 Years Professional Experience
  • Joseph B. Weinberger Photo
    Joseph B. Weinberger
    Joe Weinberger has represented thousands of injured people nearly 30 years of practicing law. Widely respected by colleagues and known for providing practical, friendly and effective service, Mr. Weinberger attracts clients throughout the Northern California area.

Why Hire Us?

  • We've Served Our Community for 30 Years
  • Mutli-Million Dollar Verdicts & Settlements
  • 95% Success Rate Without Going to Trial
  • We Will Come to You If You Cannot Travel
  • Intentionally Small to Provide Excellent Service
  • Insight into Insurance Company Tactics
We'll Go the Distance

If a fair settlement agreement cannot be reached, we are fully prepared to take the matter to court.