Q. Last summer, you wrote about a veteran named Larry Cook who was a victim of financial exploitation. He was scammed out of millions of dollars in Virginia before he died. Mr. Cook was very careful with his money and would never have allowed himself to be exploited so badly had he been in his […]
How Can You Tell if a Loved One is a Victim of Financial Exploitation?
Dear Raider, My aunt has been acting differently lately, and I think she could be a victim of financial exploitation. Once a social butterfly, she’s been isolating herself from family and friends. I stopped by while she was at Mahjongg, and there were unpaid bills on her table. There was a bank statement with large […]
New Virginia Law Helps Seniors Who are Victims of Financial Exploitation
Dear Magic, I have heard about many instances of financial exploitation of aged or incapacitated adults, including my uncle who suffers from mild cognitive impairment and doesn’t always make the best financial decisions. Are there any state laws to help protect them? Thanks! Hal Pimm — Dear Hal, Virginia recently passed legislation to help protect […]
Senior $afe Act and Other Safeguards Against Financial Exploitation
Joseph and Carol are in their 80’s and are retired. Recently, their daughter Karen moved in after a tough divorce that left her broke. One of the reasons Karen’s husband left was because of her spending habits. Shortly after moving in with her parents, Karen began making bank withdrawals of money she didn’t intend to […]