Virginia’s Law will create focused and harsh criminal punishment, at a federal level, for those convicted of stealing and abusing senior citizens. We encourage victims to say “Enough” and share their stories.
Legislature on Elderly Abuse and Elderly Fraud has been ignored for too long.
Senior Fraud Costs Our Elderly Billions Yearly
Billions of dollars are stolen from seniors annually, and thousands are victims of physical abuse every year. Unbelievably, almost half of the financial and physical abuse is done to seniors by their own families.
Existing Laws Are Not Enough
Although there are Criminal Laws in the United States and Canada that deal with theft and physical abuse, some specifically relating to seniors, it is not taken as seriously when it’s a senior.
Family On Family Fraud Complicates Criminal Descriptions
When the family is involved, crime is even more unfortunate. Stealing or physically abusing a senior by relatives is treated as a “Family Dispute”. The challenge is, these are not family disputes, they are serious crimes. Moreover, whether it’s relatives or a stranger, it’s a problem that goes mostly unreported. Greater than that, the problem is completely out of control.
Virginia’s Law Provides Avenues For Financial Institutions to Help Prevent Fraud
Existing Legislature Has Too Many Loopholes For Criminals
Banks and financial institutions are restricted by too many privacy laws when it comes to reporting suspected financial abuse of a senior.
Virginia’s Law in BOTH the United States and Canada is a federal law that will complement existing legislation. The goals are:
1. Make stealing from a senior a criminal offense, even if it’s a family member.
2. Create a restriction-free pathway for banks and financial institutions to report suspected financial abuse of seniors. Complimented by harsh penalties for failure to report.
3. Automatic harsh prison sentences for those convicted of financial or physical abuse of a senior.