Financial Exploitation
Financial exploitation refers to the illegal or improper use of an individual's funds, assets, or resources. This often occurs when a person, such as a caregiver or family member, takes advantage of a vulnerable individual, like an elderly person, to gain access to their money or property without consent.
Common forms of financial exploitation include fraud, theft, and coercion. Victims may be pressured into making financial decisions that benefit the exploiter, leading to significant financial loss and emotional distress. Awareness and prevention are crucial in protecting individuals from such exploitation.