Protecting the Elderly from Financial Abuse with Elizabeth Loewy

Elder financial abuse is as devastating as physical abuse, and it's a problem on the rise. In this episode, Elizabeth Loewy and Kieran Beer explore both simple and high-tech ways to pick up on the signs that vulnerable adults might be being defrauded. With an estimated 70-80% of all US assets now held by seniors (the Baby Boomers are aging!), financial institutions have to be prepared to spot and respond quickly to elder abuse scams. If you're a compliance officer, do you know what to look for, and what to do if you think there's a problem? Elizabeth Loewy has spent three decades fighting elder abuse, first as a Prosecutor (she served as co-counsel in the trial involving the financial exploitation of well-known philanthropist Brooke Astor by her son and his attorney, which resulted in convictions to both defendants), and now as co-founder and COO of FinTech company EverSafe. Read more about Liz's background at https://www.eversafe.com/team/