Financial exploitation definition

Financial exploitation means a breach of a fiduciary duty by an actor’s unauthorized expenditure of funds entrusted to the actor for the benefit of the vulnerable adult or by an actor’s failure to provide food, clothing, shelter, health care, therapeutic conduct or supervision, the failure of which results or is likely to result in detriment to the vulnerable adult. Financial exploitation also includes: the willful use, withholding or disposal of funds or property of a vulnerable adult; the obtaining of services for wrongful profit or advantage which results in detriment to the vulnerable adult; the acquisition of a vulnerable adult’s funds or property through undue influence, harassment, duress, deception or fraud; and the use of force, coercion, or enticement to cause a vulnerable adult to perform services against the vulnerable adult’s will for the profit or advantage of another.
Financial exploitation means the illegal or improper use, con­ trol over, or withholding of the property, income, resources, or trust funds of the vulnerable adult by any person or entity for any person's or entity's profit or advantage other than for the vulnerable adult's profit or advantage. Some examples of financial exploitation are given in RCW 74.34.020(6).
Financial exploitation means taking unjust advantage of

Examples of Financial exploitation in a sentence

  • Financial exploitation of seniors is the largest type of elder abuse.

  • Financial exploitation can be devastating to consumers, but is particularly harmful to seniors, many of whom live on fixed incomes without the ability to offset significant financial losses.

  • This includes, but is not limited to, isolating or frightening an adult.• Financial exploitation: Improper use of an adult’s funds, property, or resources by another individual.

  • It is what we have available to us to address all forms of abuse including Financial exploitation.

  • Financial exploitation of older Americans is the illegal or improper use of an older adult’s funds, property, or assets.


More Definitions of Financial exploitation

Financial exploitation means the illegal or improper use, control over, or withholding of the property, income, resources, or trust funds of the vulnerable adult by any person or entity for any person's or entity's profit or advantage other than for the vulnerable adult's profit or advantage. "Financial exploitation" includes, but is not limited to:
Financial exploitation means the illegal or improper use of
Financial exploitation means the use or control of, or deprivation of the use or control of, a financial asset of an individual by a person or company through undue influence, unlawful conduct or another wrongful act;
Financial exploitation means any of the following:
Financial exploitation means the illegal or improper use of the property, income, resources, or trust funds of the vulnerable adult by any person for any person's profit or advantage other than for the vulnerable adult's profit or advantage.
Financial exploitation means "financial exploitation" as
Financial exploitation means either of the following: