Chicago Financial Exploitation Attorney

Diligent Chicago Financial Exploitation in Nursing Facilities Attorneys

Nursing home residents self-report financial exploitation at higher rates than all other forms of abuse and neglect.

The National Council on Aging notes that, “[w]hile likely underreported,” financial exploitation costs elderly Americans a staggering $2.9 billion every year. If you suspect that you or an elderly family member may be a victim of financial abuse or exploitation in a nursing home, you need to take action right away. Statistics suggest that the abuse is likely to continue, and the longer you wait, the more difficult it may become to recover the money you or your loved one is owed.

Looking For A Nursing Home Sepsis Attorney?

Free consultation.

Contact us now Call us now

Contact us now Call us now

Working with Malman Law

At Malman Law, we have decades of experience helping nursing home residents and their families take action against financial exploitation and other forms of nursing home abuse. Our attorneys are passionate about helping senior citizens in Illinois, and we want to make sure that you and your family recover every last penny you deserve. Financial abusers need to be held accountable, and we have the experience, resources, and commitment necessary to take them to task.

We handle all financial abuse cases on contingency. This means that there are no upfront fees, and you don’t pay us anything unless we win money in your case.

A Real-Life Example of the Tragedy of Financial Exploitation

A few years ago, NBC News told the story of one elderly couple who lost everything when their caregiver took advantage of their infirm state. The couple lived together in their home, which they owned outright, and they had saved enough money to cover their needs in retirement. When they both developed advanced forms of dementia, their family hired a live-in caregiver to take care of them day-to-day.

Over the course of just ten months, the caregiver “took everything.” She was charged with looting the couple’s savings, facilitating a reverse mortgage on their home and then stealing the funds, and even persuading them to buy her house. In all, the couple’s losses totaled more than $300,000. They lost their home to foreclosure, and they both died a short time later with less than $400 to their name. Before they died, the couple spoke with their children regularly. None of them had any idea what was going on.

While this tragic example involved an in-home caregiver, the caregiver’s actions are all too common in the nursing home setting as well. Elder financial exploitation happens every single day. If you are concerned about your or a loved one’s financial affairs, don’t wait to take action. Contact us today.

All the situations listed below involve nursing home staff, other residents, and the victim’s family.

However, there are other situations where elderly individuals can fall victim to financial exploitation as well. From investment scams to dishonest telemarketing and even fraud by financial advisors, exploitation schemes often focus specifically on the elderly population.

Regardless of what happened, if you or your elderly loved one has lost money and you believe that it may be as a result of abuse or exploitation, we urge you to call us right away.

Malman Law’s founder Attorney Steven Malman has over 30 years of experience handling personal injury, nursing home, medical malpractice, premises liability, construction and workers’ compensation cases.

STEVE J. MALMAN

Founding Attorney