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Financial Exploitation

Malman Law. Premier Personal Injury Attorneys

Injury Attorney Steven J. Malman

Injury Lawyers Fighting for Elgin Nursing Home Residents Who are Victims of Financial Exploitation

Although identity theft is rampant among people of all ages, financial exploitation is certainly a crime where people over the age of 60 are the common target. And even more accurately – residents of nursing homes. As technology grows financial exploitation of the elderly grows as well. Thieves have access to more electronic information than ever before and an elderly person’s unfamiliarity with modern technology helps them easily gather bank account numbers and other personal information. The good news is there are Elgin nursing home attorneys out there who can have the guilty party brought to justice and also do their best to recover the funds as well. Here is some important information everyone should know about this troubling epidemic:

Signs of Nursing Home Financial Exploitation

There are many emotional and documentable red flags to indicate financial exploitation. As for emotional signs, look for a newfound anxiety about finances in your loved ones. Are they ashamed or worried when they never were before? Some victims even get angry or unwilling to discuss finances at all. The traceable signs of financial exploitation may be more obvious but they won’t be noticeable if you don’t look for them. Uncharacteristic and unexplained credit card charges are common and Elgin nursing home lawyers have even found multiple accounts opened in the victim’s name. If you suspect anything always be sure to review bank account balances and look for missing checks.

Types of Nursing Home Financial Exploitation

Financial exploitation is a lot more than a staff member stealing a credit card out of a purse. If a senior has nowhere else to store their personal identification, they may have all of their personal documents in their possession. If a staff member has access to Social Security cards, birth certificates, and passports they can open accounts and steal their identity altogether. Other valuables including jewelry and spending cash are quick grabs for these thieves and they won’t stop until they’re caught. Elder care lawyers have even found staff members creating fake charities and keeping the “donations” for themselves.

What Your Elgin Nursing Home Attorney Can Do

Once you hire an Elgin nursing home lawyer they will immediately take action against the employee and the nursing home responsible for hiring them. Technology is also on the good guy’s side and they will be able to trace the actions of the guilty party and hopefully recover the full amount of the money and valuables stolen. However, nothing can happen if you don’t stay vigilant and do some research of your own if you suspect foul play. Always keep your eyes open for the signs of financial exploitation of the elderly.

If you suspect your loved one has been financially exploited or abused while staying in a nursing home or facility, call our offices today. Let the elder abuse attorneys at Malman Law fight for you and your loved one’s rights. We are here for YOU!

Firm Awards & Recognitions

Steven Malman was selected to the list. The list is issued by the American Institute of Legal Counsel. A description of the selection methodology can be found at

  • Steven Malman was selected to the list. The list is issued by the National Academy of Personal Injury Attorneys. A description of the selection methodology can be found at

  • Steven Malman was selected to the list for 2018-2019.

  • Only the top 100 trial lawyers from each state or highly-populated regions of certain states who are actively practicing in civil plaintiff and/or criminal defense law are eligible for invitation. Invitees must demonstrate superior qualifications, leadership skills, and trial results as a legal professional. The selection process for this elite honor is based on a multi-phase process based upon objective and uniformly applied criteria which includes peer nominations combined with third party research.

    Prospective members of The NTL are carefully screened prior to receiving an invitation for membership.

  • Top Attorneys Diamond Member

  • Top Attorneys of North America 2019-2020

  • The American Institute of Trial Lawyers is an invitation only professional organization composed of premier trial attorneys from each state. These attorneys exemplify the very best qualities and qualifications of an attorney. Each attorney must meet stringent qualifications as a civil or criminal trial attorney. These attorneys practice in a variety of fields to help and promote the ethical and elite practice of law. Selection is based on a thorough multi phase process which includes peer nominations and third party research. Each member must be in good standing with their local compliance organization. Membership is extended to only a select few in each state and/or region.

  • As the founder of Steven J. Malman and Associates, P.C., Attorney Steven Malman has 21 years of experience handling personal injury, nursing home, medical malpractice, premises liability, construction and workers’ compensation cases. Mr. Malman is one of Chicago’s leading authorities on personal injury law and has taken a special interest in defending the elderly from neglect and abuse. He has personally handled over 10,000 cases successfully, and collected hundreds of millions dollars for his clients.

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    - Cheryl Wagemann
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