Program Fights Elder Financial Exploitation
NOVATO, CA, July 8 2005 - A free community education program will be presented by Redwood Credit Union and Elder Financial Protection Network to help elders prevent themselves from becoming victims of financial abuse. The topic of the workshop is "Avoiding Frauds and Scams, Protecting Your Identity, Community Resources and Durable Power of Attorney."
Experts say that elder financial abuse is the "crime of the 21st century," and an estimated 150,000-200,000 seniors are financially abused in California each year. According to the California Welfare Directors Association, only one in 100 cases are actually reported, which suggests that as many as 40,000 Sonoma County residents may be financially abused annually. Jenefer Duane, CEO and Executive Director of Elder Financial Protection Network, encourages the community to learn how to spot the warning signs and report suspected abuse and exploitation to Adult Protective Services or the local police. "We must send a strong message to predators who would injure or rip off a Sonoma County senior that they face the likelihood of getting caught and vigorously prosecuted," stated Duane.
"Redwood Credit Union is pleased to be a partner in this effort to help prevent the financial exploitation of seniors in our community," said Brett Martinez, President and CEO of Redwood Credit Union. "We are committed to protecting our Members and our communities, and to supporting the fight against this growing crime."
The free workshop will take place on Friday, July 22, 2005, 1:30 pm - 3:30 pm at Sunrise of Santa Rosa, 3250 Chanate Road, Santa Rosa, CA and the public is welcome. Free refreshments and door prizes will be provided. Call 707.575.7503 for reservations.
Special guest presenters include Jenefer Duane, CEO & Executive Director, Elder Financial Protection Network, and Joaquin Murphy, Bureau of Automotive Repair. The workshop is co-sponsored by Stephan Passalacqua, District Attorney, Sonoma County; Sonoma County Human Services Department - Adult and Aging Division; Council on Aging - Services for Seniors; State of California Bureau of Automotive Repair; and California Department of Corporations - Seniors Against Investment Fraud.
EFPN is an award-winning non-profit organization that works to prevent financial abuse of elders and dependent adults through community education programs, public awareness campaigns and coordination of financial institution employee training. For more information, visit www.bewiseonline.org or call 415.897.9555. To report suspected abuse, call 1-888-436-3600 (24 hours)
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