Elder Financial Abuse
Advocating for older adults and families affected by financial exploitation, scams, and institutional neglect.
Overview
Elder Financial Exploitation
Elder financial abuse is one of the most underreported crimes in the United States. Older adults lose an estimated $36 billion per year to financial exploitation — perpetrated by strangers, trusted advisors, and in some cases, family members.
Financial exploitation of elders can take many forms: unsuitable investment recommendations, romance scams, Ponzi schemes, manipulation into changing estate documents, power of attorney abuse, and outright theft by caregivers or advisors.
At MDF Law, both Marc Fitapelli and Jeffrey Saxon are parents — and that perspective drives their commitment to protecting older Americans and their families from financial harm.
Warning Signs of Elder Financial Abuse
- ✓ Sudden changes in financial accounts or estate documents
- ✓ Unpaid bills despite adequate income or savings
- ✓ Unexplained withdrawals or transfers
- ✓ New "friends" or caregivers with unusual financial involvement
- ✓ Signing documents under pressure or confusion
- ✓ Promises of high investment returns from new acquaintances
- ✓ Romance scams targeting isolated older adults
- ✓ "Free lunch" investment seminars targeting seniors
How We Help
Recovery in elder financial abuse cases often requires identifying institutional failures alongside individual bad actors. Banks, financial advisors, brokerage firms, and crypto exchanges all have obligations to detect and prevent financial exploitation of vulnerable clients — and can be held accountable when they fail.
We pursue claims through FINRA arbitration, consumer arbitration, and court litigation, depending on the facts of the case. Our contingency fee model means you pay nothing unless we recover.
Free Case Review
Talk to an attorney today. No fee unless we recover.