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Enhancing Trauma Informed Responses to Older Adult Victims of Financial Exploitation

Award Information

Award #
15POVC-21-GG-01082-NONF
Location
Awardee County
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Status
Awarded, but not yet accepted
Funding First Awarded
2021
Total funding (to date)
$299,710

Description of original award (Fiscal Year 2021, $299,710)

<p style="margin-bottom:.0001pt; margin:0in 0in 8pt"><span style="font-size:11pt"><span style="line-height:150%"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Times New Roman&quot;,serif">Elder financial abuse and exploitation is an unfortunate and growing trend, which is expected to increase as the Baby Boomer population ages. Adults over the age of 60 represent 15.2% of the p</span></span></span></span><span style="font-size:11pt"><span style="line-height:150%"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Times New Roman&quot;,serif">opulation, with at least one in every seven Americans in this age category. Financial exploitation by strangers comes in the form of frauds or scams, but also by trusted family members through misuse of Power of Attorney privileges or breach of fiduciary duty.&nbsp;</span></span></span></span><span style="font-size:11pt"><span style="line-height:150%"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Times New Roman&quot;,serif">Financial exploitation affects the victim&rsquo;s dignity and quality of life. There are financial costs as well as non-financial costs associated with this kind of exploitation. The violation of trust and the impact of monetary loss can be traumatic.&nbsp;</span></span></span></span><span style="font-size:11pt"><span style="line-height:150%"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Times New Roman&quot;,serif">Peninsula Elder Abuse Forensic Center (PEAFC) was formed to find collaborative solutions to alleviate abuse, neglect and financial exploitation of older adults. It is an enhanced multi-disciplinary team that hears complex cases of elder abuse, convening local resources to provide a 360 degree view of elder abuse cases.&nbsp;</span></span></span></span><span style="font-size:11pt"><span style="line-height:150%"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Times New Roman&quot;,serif">The goal of the proposed project is to enhance trauma-informed services for older victims of abuse and financial exploitation. The proposed PEAFC project addresses an identified gap in services in complex financial exploitation cases of abuse. There are four<b> </b>objectives of the proposed project.&nbsp;</span></span></span></span><span style="font-size:11pt"><span style="line-height:150%"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Times New Roman&quot;,serif">First, PEAFC will provide direct services to 25 older adult victims of financial exploitation using trauma-informed approaches that empower older adult victims of financial exploitation. This service allows them&nbsp;to move past the victimization and stop or alleviate the financial exploitation that has occurred by providing private counseling sessions to them at no cost. Second, the Forensic Accountant, in conjunction with the PEAFC Multidisciplinary team members will develop and disseminate proactive education materials to assist high-risk <i>potential</i> older victims of abuse (before overt elder abuse develops or occurs). Third, the Forensic Accountant, a forensic document examiner (for potential forgeries) and a neuropsychologist will aid in the prosecution of financial exploitation cases and ultimately result in restorative justice. Fourth, professional education and training will be provided each year to the PEAFC multidisciplinary team (MDT) members and other aging service professionals on various topics related to assisting victims of financial exploitation.&nbsp;</span></span></span></span><span style="font-size:11pt"><span style="line-height:150%"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Times New Roman&quot;,serif">By utilizing this four-pronged approach, the desired outcome is for older adult victims of financial exploitation to be restored emotionally and monetarily to the greatest extent possible and to have an MDT well-versed in all aspects of financial exploitation and victim response.</span></span></span></span></p>

Date Created: September 28, 2021