Should a Vulnerable Adult (VA) fall prey to a financial fraudster, they may also might be less able or unable to assist in the investigation of these crimes. In fact, unlike most business-fraud victims, the VA might be less willing to assist in the investigation because they’re ashamed, embarrassed or deny they were victimized. Nevertheless, it’s important to discover evidence on alleged predatory fraudsters who target VAs, and Certified Fraud Examiners (CFE) can substantially help.
A thief can steal everything a VA owns.
A financial predator can also use a VA’s stolen personally identifiable information to open their financial or even mobile phone accounts. VAs are more likely to entrust others with their financial affairs. If that trust is abused, then the victim may suffer substantial financial loss.
Financial Abuse is a term that describes a wide range of acts, all of which deprive someone of money or property that is rightfully theirs. This may occur through dishonestly or fraud (intentional deception made for personal gain), or may occur in other ways, such as through Negligence or carelessness.
To be classed as vulnerable, the adult's circumstances must be unable to be altered or improved by the adult's own individual actions without direct assistance from a more capable adult. The vulnerable adult must also be shown to be, on some significant level, a risk to themselves if assistance is not provided.
In conjunction with Action Fraud, various campaigns have been launched to have a positive impact on the way financial crime is dealt with against vulnerable adults, and to raise awareness amongst all agencies involved in dealing with this sort of crime.