Topic: Preventing Elder Investment Fraud: Assessing for Vulnerability to Financial Exploitation
Date: June 14, 2012
Times and Locations: The conference will be offered at the sites and time below.
Note: sites that are filled are listed as FULL on the registration system and cannot accept additional people. You must choose another site, from the list below.
Minnesota Department of Commerce Commissioner Mike Rothman, the University of Minnesota’s Dr. Ed Ratner (one of the state’s leading geriatrics physicians), and Janet Golden from the Tubman Senior Rights Alliance will be training interested parties in how to spot and report fraud and financial abuse with the elderly and vulnerable adults.
Due to age-related factors, illnesses, and cognitive impairment, many older adults are particularly vulnerable to investment fraud and financial exploitation. Senior citizens control nearly 70 percent of the nation’s wealth – and crooks know it, often making seniors a prime target for fraud. According to the 2010 IPT Elder Fraud Survey, more than seven million older Americans – one out of every five citizens over the age of 65 – already have been victimized by a financial swindle. In fact, older consumers lose $2.5 billion every year to financial abuse.
This training session is a continuation of the Commerce Department’s involvement in the ongoing Elder Investment Fraud and Financial Exploitation Prevention Program (EIFFE); a successful national effort that educates medical professionals about how to identify senior citizens who may be particularly vulnerable to investment fraud, and then refer those at-risk patients to local Adult Protective Services (APS) professionals.
The EIFFE program was developed with a grant to Baylor College of Medicine made by the non-profit Investor Protection Trust. Minnesota is one of 27 states participating in the continuing medical education program. A Clinician’s Pocket Guide and a Patient Education Brochure will be provided for all attendees, including reference materials about how to screen for fraud and how to make referrals.
County social services, older adult services, faith based nurses, clergy, clinic staff, Senior LinkAge Line® staff, Area Agencies on Aging staff, tribal social services, and public health/tribal health agencies, aging service providers, nursing home/assisted living staff, and home aids (social workers).
Discuss the importance of EIFFE training in relation to Minnesota’s aging population in the context of financial exploitation/abuse and investor fraud.
Share assessment tools to identify those potentially vulnerable to financial exploitation and identify red flags with a patient/client history and clinical observations
Identify referral resources for social services, investor protection, legal protection, and financial fraud and exploitation.
Handouts and Resources
Presentation handouts and resource materials will be distributed to registered participants via email attachment 1-2 days before the scheduled session.
EIFFE Powerpoint Presentation
Senior Resource Handout- Department of Commerce
Senior Investor Fraud Information
Mike Rothman, Commissioner, Minnesota Department of Commerce
Edward Ratner, MD, University of Minnesota Medical School
Janet Golden, Director of Sustainability Services, Tubman Senior Rights Alliance
Times and Locations
The conference will be offered at the sites and time below. Note: sites that are filled are listed as FULL on the registration system and cannot accept additional people. You must choose another site.
June 14, 2012
9:30 a.m. - 11:00 a.m.
Preventing Elderly Investment Fraud
DHS 444 Lafayette Room 5137
*Available at 32 locations
Pre-registration is required. Each person needs to register through the link provided below. Registration closes at 5:00 p.m. on the Monday prior to the session. By registering, you understand that the session will be videotaped with the possibility of your visual and audio likeness being recorded for reproduction and distribution.