CHECKS AND BALANCES NEW FORM OF FIGHTS FINANCIAL ABUSE

Financial exploitation of the elderly is growing exponentially, with no end in sight as greedy relatives and ne’er-do-wells go after investments and assets. “This area of elder abuse is the Wild West of law enforcement. As the population gets older, we’re going to have more and more of these cases,” warned attorney Paul Hodge, president of the National Healthcare Law Enforcement  Alliance. “Demographically speaking, the generation who grew up before World War II and then prospered in the United States with the greatest increase in wealth in the history of the world is now going to pass that on to the next generation. The next generation hasn’t been able to live as well as the former generation, and they would like to. So they’re going to go where the money is and see if they can get the money from the parents or the elderly people whom they know.”

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