Home improvement scams requiring significant expenditure are also quite common. Fraudsters present themselves as well-educated, caring individuals. They are well dressed, suave, and persuasive. They build up a relationship quickly with the elderly victims to gain their trust. They present themselves as experts, use first names, and tell their victims
Monthly Archives: July 2016
There are many ways in which people are financially abused
As in my mother’s case, abusers are cautious initially, and confine themselves to stealing a small amount of money or jewellery before moving on to more blatant and even violent abuse. Violent abuse includes forcing the elderly into selling their homes, or threatening to kick them out and render them
My mother’s pension was being stolen every week
Financial abuse is often inflicted on vulnerable people who have diminished capacity to manage their affairs, and on those who are at risk of financial manipulation, including people living alone, divorced or separated, and those with disabilities. The elderly, especially those who have accumulated wealth, are very vulnerable. In 2006,
Financial abuse causes much distress and dependency
Linda’s story contains some elements of financial abuse, which is the misappropriation of victims’ resources, or denying them sufficient money through various means. This abuse is found in all social groups. It is perpetrated in personal and professional relationships and on vulnerable people, when power, control, and dominance are exercised
financial abuse is devastating
The abusive mindset does not change without significant therapeutic intervention, and matters did not improve when Linda left. He continued to live in the family home while she rented a house near her parents. Despite living there, he refused to contribute to the mortgage, and she had to bring him