Financial Abuse In Nursing Home

Financial abuse is sometimes called material exploitation or financial exploitation. Financial abuse occurs when an individual's property, assets or funds are used illegally or improperly. Patients who are in a nursing home might be in a unique situation to fall victim to financial abuse, as they might be unaware of the fraud being inflicted upon them. Most residents are unaware of the financial abuse that involves their money or assets. An investigation should be launched immediately if family members or close friends suspect any financial abuse.

Examples of Financial Abuse
The following are examples of financial abuse, but are not limited to:
• Not having permission or authorization to cash a resident’s checks
• Forging the signature of