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What is financial exploitation?

Financial exploitation describes a situation where a person's financial resources are stolen, abusively controlled, mismanaged, or improperly used by a third person.

Examples are:

  • Theft;
  • Fraud (e.g., forged cheques);
  • Embezzlement;
  • Fraudulent use of a power of attorney (going well beyond the person's intentions);
  • Loans obtained under pressure or threats;
  • Forced sale of goods or services;
  • An "inheritance" taken over by a relative before the person dies;
  • Fraudulent use, theft and skimming of an ATM card;
  • A cheque is cashed by an attorney or authorized person for his or her personal needs (e.g., a pension cheque);
  • Request for excessive security deposit.

What are the signs of financial exploitation?
What can you do if you witness or are a victim of financial exploitation?
How to avoid financial exploitation.

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