Financial crimes against the elderly in the United States cost the victims at least $2.6 billion annually and that number is rising, says Elizabeth Loewy, the attorney in charge of the Elder Abuse Unit under Manhattan District Attorney Cyrus R. Vance, Jr.
The Financial Crimes Enforcement Network released a Financial Trend Analysis that focuses on patterns and trends in Bank Secrecy Act data linked to elder fraud exploitation, or EFE.
April 18, 2024