Financial exploitation

Financial exploitation refers to the illegal or improper use of an individual's funds, property, or assets by another person, often for personal gain. This can occur in various contexts, including but not limited to the financial abuse of the elderly, where trusted individuals such as family members, caregivers, or financial advisors employ deceptive or manipulative tactics to access and misuse the victim's financial resources. Common forms of financial exploitation include unauthorized withdrawals, misuse of checks or credit cards, and coercion into financial decisions that benefit the perpetrator. Recognizing and addressing financial exploitation is critical in protecting individuals and ensuring justice is served.