Financial Exploitation Attorney
Few people are more vulnerable to financial exploitation than elderly adults who depend on others for care. Whether due to cognitive decline, physical limitations, social isolation, or simply a trusting nature, many seniors find themselves targeted by individuals who see an opportunity to take advantage of them. Studies suggest that 1 in 20 older adults experience some form of financial mistreatment, costing families billions of dollars every year.
The danger often increases when a loved one enters a nursing home or assisted living facility. Residents may have limited oversight of their finances while caregivers, staff members, or outsiders gain access to personal information and assets. For more than three decades, Roy Injury Law has stood beside families whose loved ones have suffered abuse, neglect, and exploitation in long-term care settings. We understand the devastating impact financial abuse can have, and we fight to hold wrongdoers accountable.
We Help Families Seeking Answers
Financial exploitation in care settings is a particularly difficult form of abuse to detect and is one of the most underreported. The people best positioned to catch it are family members who pay close attention. If any of the following situations sound familiar, our attorneys at Roy Injury Law want to hear from you:
- You noticed unexplained bank withdrawals from a loved one’s account, and no one can tell you where the money went, whether it left through small recurring transfers or one large, unauthorized transaction.
- Personal belongings have gone missing from your loved one’s room, including jewelry, cash, or family heirlooms, and the pattern keeps repeating despite no reasonable explanation.
- Unauthorized charges have appeared on a nursing home resident’s credit card for purchases like electronics, gift cards, or services they would never use, and the charges have been accumulating for months.
- A new caregiver or companion has taken financial control, accompanying your loved one to the bank, appearing on financial documents, or managing accounts without proper oversight.
- Nursing home bills are going unpaid even though your loved one has sufficient funds to cover their care, and no one can account for where those funds went.
- A loved one was pressured into signing documents they did not understand, including checks, transfer forms, or new account paperwork. This may have happened when your loved one was confused or experiencing cognitive decline, or if they were threatened with physical abuse.
What You Need to Know If You Suspect Financial Exploitation
Can Stolen Money Be Recovered?
Yes, in many cases it can. Louisiana law recognizes financial exploitation of the elderly as a form of abuse. Under the Louisiana Adult Protective Services Law and related statutes, victims of financial exploitation have legal recourse against those who steal, defraud, or manipulate an elderly person’s assets. These protections apply whether the perpetrator is a caregiver, a facility employee, a family member, or an outside individual who gained the victim’s trust. Louisiana law also permits civil claims for damages, which means your family may be entitled to compensation beyond simply recovering the stolen funds.
What to Do If You Suspect Financial Exploitation
If you suspect a loved one is being financially exploited in a nursing home or by a caregiver, start by gathering what you can:
- Review bank and credit card statements for unusual transactions, unfamiliar payees, or withdrawal patterns.
- Document missing items by listing them with the approximate dates of their last sightings.
- Identify who has access to your loved one’s accounts, personal items, and living space.
- Report your concerns to the nursing home’s administration and, if warranted, to the Louisiana Department of Health, which has the authority to investigate complaints.
- Consult an attorney as early as possible to understand your legal options and how to preserve evidence.
Acting quickly strengthens your ability to build a strong claim and recover what was lost.
What a Financial Exploitation Attorney Can Do
An experienced attorney can do much more than file paperwork. At Roy Injury Law, we:
- Investigate the full picture, including reviewing financial records, identifying unauthorized transactions, and determining who had access and what authority they had.
- Work with finance professionals to trace stolen funds and document losses.
- Challenge documents signed under duress, including transfers, account changes, or signed agreements obtained while your loved one was confused or incapacitated.
- Pursue legal action against the individual or facility responsible, seeking the return of stolen assets and compensation for the harm caused.
- Handle every step of the process, so you can focus on your loved one’s safety and care rather than the legal burden.
Why Trust Roy Injury Law to Stand Up for Your Vulnerable Loved Ones?
When a loved one has been financially exploited, families need more than legal representation. They need attorneys who understand the unique challenges of nursing home abuse cases, know how to uncover wrongdoing, and are prepared to hold powerful institutions accountable.
Here’s why people work with Roy Injury Law:
- A Legacy of Advocacy. Chris J. Roy, Jr. is a third-generation attorney, and John J. Roy is the fourth generation to carry on the family’s commitment to serving others through the law. For our family, standing up for people who have been wronged is a responsibility that has been passed down for generations.
- Legislative Insight. As a former member of the Louisiana House of Representatives, Chris J. Roy fought for laws protecting seniors from abuse, neglect, and financial exploitation. He understands these cases from both the courtroom and the statehouse, giving him a perspective that translates directly into stronger advocacy for our clients.
- Representation Built Around Your Needs. We understand that families dealing with elder abuse are often facing difficult circumstances. Whether meeting at your home, in a hospital, or another convenient location, we make legal guidance accessible when and where you need it.
- A Commitment to Results, Not Volume. We have intentionally built our reputation through client relationships and case results rather than television advertising. That approach allows us to focus on providing personal attention and pursuing meaningful outcomes for every family we represent.
Protect What Your Loved One Worked a Lifetime to Build
Financial exploitation of the elderly steals more than money. It steals dignity, security, and independence from people who deserve protection. If you believe a loved one has been exploited in a nursing home or by a caregiver, Roy Injury Law is ready to help you fight back.
Reach out to our office to schedule a free, no-obligation consultation. You will speak directly with an attorney who will listen, answer your questions honestly, and help you understand your options.
FAQs About Financial Exploitation in Louisiana
Financial exploitation does not always involve someone secretly taking money or property. In some cases, an elderly adult may agree to make a gift, sign documents, or give someone access to an account because they were pressured, manipulated, or misled. Seniors who are experiencing cognitive decline, memory issues, or increased dependence on others are often more vulnerable to this type of influence. Even if your loved one appeared to consent, the circumstances surrounding the transaction may deserve closer examination.
Many families contact an attorney because they feel something is not right, not because they already have all the answers. Unexplained financial activity, missing belongings, sudden changes in financial decision-making, or unusual involvement from a caregiver can all be warning signs. An attorney can help determine whether further investigation is warranted and what steps may be available to protect your loved one.
Yes. Financial exploitation is often part of a larger pattern of mistreatment. A caregiver or staff member who is willing to take advantage of a resident financially may also isolate them from family members, ignore their needs, or engage in other forms of abuse or neglect. Looking at the full picture can help uncover problems that might otherwise go unnoticed.
Financial exploitation can be committed by anyone who has access to an elderly person’s finances, property, or trust. In nursing homes and assisted living facilities, this may include caregivers, employees, visitors, or even other residents. In some situations, family members or longtime acquaintances may also be involved. Every situation is different, which is why a thorough investigation is often necessary.
Financial exploitation is one of the most underreported forms of elder abuse because it often develops gradually. Small withdrawals, unauthorized purchases, or missing property may not raise immediate concerns. In many cases, families do not discover a problem until significant losses have already occurred. The sooner suspicious activity is investigated, the better the opportunity to protect your loved one and preserve evidence.