Theft of Money and Personal Property of Nursing Homes

One of the most straightforward forms of financial abuse is the direct theft of a resident’s money or personal belongings. Caregivers or staff members may exploit their access to a resident’s room to steal cash, jewelry, or other valuable items.

Unauthorized Withdrawals and Use of Funds at Nursing Homes

Financial abuse can also involve unauthorized withdrawals from a resident’s bank account or the unauthorized use of their funds. Caregivers may take advantage of their position to withdraw money without the resident’s consent or knowledge.

Nursing Home Fraud and Deception

Fraudulent activities, such as forging signatures on financial documents or deceiving residents into signing contracts or wills, are common forms of financial abuse. Perpetrators may manipulate or coerce residents into making financial decisions that are not in their best interest.

Overcharging for Nursing Home Services

Some nursing homes and caregivers may overcharge residents for services provided, exploiting their vulnerable position. This could include billing for unnecessary medical procedures, inflating the costs of medications, or charging exorbitant fees for basic care.

Improper Use of Power of Attorney

When a resident grants someone power of attorney, they are entrusting that person with the responsibility to manage their finances and make decisions on their behalf. However, financial abuse can occur when the person holding power of attorney misuses their authority, exploiting the resident’s assets for personal gain.

Scams and Exploitation at a Nursing Home

Nursing home residents are often targeted by scammers who prey on their vulnerabilities. These scams can come in various forms, such as telemarketing scams, internet scams, or home repair and contractor scams. Scammers use manipulative tactics to deceive residents and gain access to their finances.