Released on December 19, 2017, the heartbreaking report, “Financial Exploitation of Maine’s Older Adults: An Analysis of Maine Adult Protective Services and Legal Services for the Elderly Case Records” was produced by the University of Southern Maine’s Muskie School of Public Service. This report is the first to document the costs associated with financial exploitation of older adults in Maine.
The report finds that from 2010 to 2016, seniors in Maine lost approximately $28 million to financial exploitation. When the data from the report is used to project the losses experienced across all victims of exploitation, not just those who sought help, the projected losses grow to a staggering $74 million. The full report can be found here and the Executive Summary can be found here.
