Business
Financial abuse of seniors is a devastating crime that banks are uniquely positioned to help identify. It can be as simple as taking money or as involved as coercing or manipulating a victim into turning over property to an abuser. Unfortunately, we are seeing an increasing trend in fraud against seniors, and much goes unreported. Baby Boomers, Americans born between 1946 and 1964, represent the largest portion of the population and continue to reach senior status in record numbers due, in part, to increased life expectancy. Laurel Sykes, our Chief Compliance and Risk Officer, sits down with Vicki Johnson, Senior Deputy District Attorney, and Heather Clark, from the Crimes Against Property Unit of the Santa Barbara Police Department, to discuss recent scams witnessed by local banks, and hear about recent cases from local law enforcement, along with tips for stopping the abuse!