financial exploitation
Financial exploitation refers to the unauthorized or improper use of an individual’s financial resources or assets. This can involve deceit, manipulation, or coercion, often targeting vulnerable individuals such as the elderly or those with disabilities. Examples include stealing money, forging signatures, or pressuring someone to change their will or financial arrangements. The goal is to gain financial benefit at the expense of the exploited person, often causing them significant distress and hardship. Recognizing the signs and protecting oneself from such exploitation is crucial for safeguarding financial well-being.
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Financial exploitation occurs when someone improperly uses another person's resources, often taking advantage of their trust or vulnerabilities. This can happen in various scenarios, such as caregivers misusing funds from elderly individuals, scammers tricking people into giving money, or family members coercing relatives for financial gain. The victim may suffer personal loss and emotional distress as a result. Recognizing the signs, such as sudden changes in financial situations or unusual account activity, is important to prevent exploitation and protect vulnerable individuals.