SAFE – (Stop Adult Financial Exploitation)
What Is Financial Exploitation?
Financial exploitation means any action which involves the misuse of a person’s funds or property. Many people have been financially exploited by people they knew – paid caregivers, neighbors, even relatives. More people are exploited by people they know than by con artists who are strangers.
Examples of financial exploitation include:
- forging signatures on checks, withdrawal slips, or other financial documents
- making unauthorized withdrawals from financial accounts
- coercing or threatening someone into giving away money
- tricking someone with a memory impairment into turning over money
- charging excessive fees for rent or caregiver services
- committing person-to-person, mail, or telephone fraud scams
Project SAFE is a collaborative effort to combat financial exploitation. Through participation in Project SAFE, financial institutions and their employees can help to prevent financial exploitation.
Project SAFE is a public/private partnership of twelve different organizations: Maryland Departments of Aging, Health and Mental Hygiene, and Human Resources; Maryland Commissioner of Financial Regulation; Maryland Banker’s Association; Maryland and District of Columbia Credit Union Association; Maryland Association for Bank Security; AARP-Maryland; Maryland Association of Area Agencies on Aging; Maryland Triad/SALT Network; Protecting Elders Against Crime &, Exploitation Coalition; Baltimore County-Restoring Elder Safety Today; and the Office of the Attorney General.
For more information about this program, contact the Maryland Department of Aging, on the internet at Elder Abuse Prevent or toll-free at 1-800-AGE-DIAL or 1-800-243-3425, Monday through Friday 8 a.m. to 5 p.m.