A nonprofit publication of the Kentucky Center for Public Service Journalism

BBB: Elder financial abuse continues to increase, yet still goes underreported; quadrupled in four years

By Sandra Guile Better Business Bureau 
Financial institutions are seeing an increased number of older customers fall prey to financial crimes by perpetrators ranging from offshore scammers, close family members to caregivers. Yet, many of these incidents go unreported or remain unknown to family, friends or relatives when a financial crime happens. According to the Consumer Financial Protection...