One of Rothman’s top priorities as commissioner was the curbing of elder financial abuse. In conjunction with the local chapter of AARP, Commerce conducted public information campaigns and on-site training events for financial professionals on how to spot signs of elder fraud.
In one case, a financial adviser was able to contact the Department after an elderly client attempted to transfer a large sum of money overseas at the request of a scammer, who had told her that she’d won the Costa Rican lottery. Commerce alerted the woman’s bank and froze the money before it could be transferred. According to Rothman, “Senior financial exploitation…requires an ‘all hands on deck’ response.”
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