This program will be rolled out later this year and is designed to alert Missourians about financial exploitation of seniors. Missouri state law prohibits a person from obtaining control over the elderly or disabled person’s property with the intent to permanently deprive the elderly or disabled person of the use, benefit, or possession of his or her property, thereby benefiting such person or detrimentally affecting the elderly or disabled person.
of financial exploitation may include such things as in-home aides, friends, or relatives using an elderly person’s account number, forging checks, or considering Mom’s money to be theirs and making free use of it.
The MOSAFE program will train employees of financial institutions on how to detect and report financial exploitation while also educating the general public that financial exploitation is a serious crime. Stay tuned for more details regarding this important initiative.
You can report financial exploitation of seniors, as well as abuse and neglect, at the Elder Abuse Hotline (1-800-392-0210).