Financial fraud is a fast-growing form of abuse of seniors. In recognition of World Elder Abuse Awareness Day, we would like to share that CNB is a partner to help recognize, report, and investigate financial abuse of the elderly. Here are a few tips to help you recognize red flags related to financial fraud targeted at the elderly.

Elder Financial Fraud Red Flags:

• Appearance of new caregiver or "friend"
• Complaints or confusion about financial transactions
• Sudden changes in banking practices
• Large or unusual financial transactions
• Abrupt changes in a will or financial documents
• Indications of elder being isolated or controlled

For additional resources, visit the links below:

• CUInsight - Watch for these red flags to spot elder financial exploitation
• Forbes - When Should You Act On Red Flags of Elder Financial Abuse?
• ABA Journal - 5 red flags that a client might be a victim of elder abuse