Financial Abuse and Fraud are different types of financial misconduct. Regardless of how they happen, both involve someone taking your money and / or property. It is important to learn how to recognize and protect yourself against all forms of financial abuse and misconduct.
Financial abuse is when a person you trust violates that trust and gains financially at your expense. Financial abuse is the most common form of abuse against older adults and is the fastest growing form of abuse against adults with disabilities. According to Elder Abuse Ontario, financial abuse is most often committed by a person the abused person knows, in particular; family members, friends and associates.
Research indicates financial abuse against older adults (ages 60 and up) and people with disabilities (including brain injury), is a growing problem: