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Essay / Research Paper Abstract
This 7 page paper discusses financial crimes against the elderly: what they are, who commits them and who is victimized by them. Bibliography lists 8 sources.
Page Count:
7 pages (~225 words per page)
File: D0_HVElCrim.rtf
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some of the crimes committed against this population, and what can be done about them. Discussion Financial exploitation in regard to the elderly is defined as the "illegal or improper
use of a vulnerable adults funds or property for another persons profit or advantage" (Hurme, 2006). The topic is of importance because of the aging of the worlds population (Hurme,
2006). Its been widely reported that Americans are growing older--specifically the "Baby Boomers" are reaching their 60s-but the phenomenon is not confined to the U.S. but is world-wide (Hurme, 2006).
Thus, the opportunities for fraud exist everywhere, and tricksters are targeting this vulnerable population around the globe. AARP, formerly the American Association of Retired Persons, has launched a "Global
Aging Program" that is "committed to serving as a respected source of information and advocacy on issues affecting aging populations worldwide" (Hurme, 2006). Thus, the matter of financial crimes against
the elderly is of great concern to them; they are also a respected organization and have a great deal of information available to help combat this crime. And the financial
abuse of the elderly is much more common than is generally believed; one study estimates that there are "at least 5 million financial abuse victims in the United States each
year, but officials only hear of about perhaps 1 in 25 cases" (Hurme, 2006). When people think of elder abuse, they probably think of the stories they have heard of
physical abuse, but reports suggest that financial abuse is even more frequent (Hurme, 2006). Furthermore, the psychological and emotional scars left by financial abuse are just as lasting as those
that result from physical mistreatment (Hurme, 2006). Hurme suggests its important for people to acknowledge that financial abuse of the elderly is "already happening at an alarming rate" and that
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