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Newport News Now

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Newport News Now is a daily e-newsletter that launched in March 2016. Articles that ran in our newsletter between March 2016 and March 2018 are available on these pages. Newsletters produced beginning in April 2018 can be viewed on our new daily newsletter page.

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Aug 14

New Law Aids Investigating Financial Exploitation of Older Virginians

Posted on August 14, 2017 at 10:16 AM by Communications Department

The Virginia Department for Aging and Rehabilitative Services (DARS) and the Attorney General are promoting a new law aimed to assist investigations into financial exploitation of older or vulnerable Virginians. The law went into effect on July 1 and requires any report of adult financial exploitation received by the state Adult Protective Services (APS) hotline or local departments of social and human services to be reported immediately to law enforcement regardless of the amount taken.  

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A recent review by DARS’ Adult Protective Services Division suggests that adult financial exploitation costs elderly and vulnerable Virginians an estimated $28.2 million each year, with funds taken ranging from $10 to $1 million. DARS believes the full impact of financial exploitation may rob Virginia victims of an estimated $1.2 billion a year as national estimates suggest only 1 in 44 cases of financial exploitation are reported to officials.

APS investigates reports of abuse, neglect, and exploitation of adults 60 years of age or older and incapacitated adults age 18 or older. For more information about adult financial exploitation, visit Adult Protective Services. To report suspected abuse or financial exploitation, call the toll-free APS hotline at 888-832-3858.