Financial Exploitation Takes Many Forms
AS 44.21.415 defines "fraud" as including any: "exploitation of another person or another person's resources for personal profit or advantage with no significant benefit accruing to the person who is exploited."
1. Mistreatment by family and caretakers
- Misuse of durable powers of attorney and bank accounts
- Misuse or neglect of authority by a guardian or conservator
- Failure to provide fair value for the transfer of real estate and personal property
- Using fraud or undue influence to gain control of or obtain money or property
- Theft of valuables.
2. Consumer Fraud
- Failure to provide, or excessive charges for, goods or services for which one is paid.
- Telemarketing fraud.
- Sales scams
- travel scams
- charity scams
- work-at-home
- Sweepstakes fraud.
- Internet fraud.
- “phishing”
- Nigerian letters
- Predatory lending.
- Health-care
- Drug plans
- Failure to provide, or excessive charges for, healthcare services
- Medicaid
- Estate planning
- Living trust scams
- Funeral and burial fraud
- Real estate
- buying land
- contractor fraud
- home repair fraud
- home-equity fraud
- Credit card and bank fraud
- Credit card fraud
- Fake cashier’s checks
- Credit card loss-protection schemes
3. Insurance and Investment Fraud
- Unlicensed agents/brokers.
- Investment seminars, pitching phony investment opportunities.
- Ill advised annuities.
- Illegal securities.
- Scam Promissory notes.
- Viatical (life insurance) investment scams.