The event took place on January 31, 2014, with panelists Dr. Stacey Wood (Associate Professor of Psychology at Scripps College), Molly Davies (VP of Elder Abuse and Ombudsman Services at WISE & Healthy Aging), and Debra Deem (Victim Specialist at the FBI).
Dr. Wood opened the program discussing some of the reasons seniors may be susceptible to financial scams and exploitation, providing an overview of the cognitive changes that can affect financial decision-making, highlighting those that occur in normal aging.
Molly Davies then provided an introduction to the subject of financial elder abuse in the United States, highlighting the reasons why certain individuals may be more vulnerable to abuse than others.
Finally, Debra Deem delved into further detail about common types of financial crimes targeting the elderly, including mass marketing, investment, and foreclosure fraud. Ms. Deem described the heartbreaking impact these crimes have on the victims, noting that many individuals she works with may be forced into bankruptcy.
Over 100 attendees from across the Central District participated in the event, including bankruptcy judges, panel trustees, representatives from the Office of the United States Trustee, chambers and Clerk’s Office staff. The CACB hopes to create an ongoing dialogue surrounding these topics. Please feel free to e-mail email@example.com with questions or comments.