Financial exploitation is the third most common form of elder abuse by others. Victims may be robbed of the economic foundation for their independence and may suffer psychological distress. The extent of this serious problem is difficult to determine because most cases are not reported, but estimates suggest that there may be millions of older adults who experience financial abuse each year.
The Houston-Financial Abuse Specialist Team (H-FAST) is a network of professionals dedicated to educating families and service providers about prevention, detection, and investigation of exploitation. See the menu of links here for more information about H-FAST and financial abuse resources.
If you need to report financial exploitation or other elder abuse, call the toll-free Texas Abuse Hotline anytime at 1-800-252-5400 or report online. If this is a life-threatening or emergency situation, call your local law enforcement agency or 911 immediately.