In discussing nursing home abuse or neglect, or more general abuse and neglect of elders, a sometimes overlooked form of abuse is financial exploitation.
Those close to the elderly and incapacitated, be it loved ones, friends, in-home caretakers, and staff at nursing homes and long-term care facilities. Financial exploitation can be anything. It can be the stealing of credit cards or ATM/debit cards, and it can be stealing identification and routing numbers for bank accounts or investment accounts. It can also simply be swiping cash or taking tangible items, like jewelry, out of a person’s wallet, purse or from their room. Identity theft often accompanies such financial exploitation, whereby someone uses a vulnerably elderly or disabled person’s identity to make financial transactions. In nursing homes specifically, staffers or administrators take advantage of individual patients, but also will take advantage of their position to generally defraud the facility where they work, and by association its patients as well as the government if the facility receives funding through Medicare, Medicaid or other channels.
Those committing such acts invite not just losing their jobs, but very serious criminal prosecution on the basis of multiple charges. Financial exploitation of anyone, such as theft of property or money, identity theft, it itself a crime, and in many states statutes that specifically deal with preying on the elderly or disabled will only serve to augment the charges and the possible sentence. Restitution, or paying the victim back, is only the start of the penalties, as there can be jail time as well.