Do you know who committed the fraud? Have you reported it to the bank? Maybe the bank released the funds to someone that is on the account? Obviously start with the bank.
Yes, their are several credit cards and some of the fraudulent items are obvious and others are not. There are money transfers and some click-cash?? He was also taken by a fraudulent securities stock company. It’s absolutely crazy-making how all these vultures swooped down and went to town on my father and I . I , too, had some identity theft done to myself, not as much as my 90 year old father. I called the police, credit bureaus and FTC.
Can you elaborate? E.g., were all the funds stolen from a savings account? Were there any other signatories besides your parent? Who has access to his financial data? More details on the home environment, acquaintances, home help (if any), and how this happened would help.
In addition, has this been reported yet, either to the financial institution or to the federal government (if applicable)? Do you have any idea who's involved with the theft?
Ugh, how awful and stressful! I agree with filing a report and making sure you have as much proof of the theft as possible, since this may mean that your father will require Medicaid to pay for any future care. I think the app's look-back period in FL is 5 years so how the money was scammed away, how it looks to Medicaid will matter (so that it's doesn't appear to have been "gifted" to someone).
To lessen your stress (per your profile info) you may want to contact social services to come in to conduct an assessment to see if he qualifies for in-home services (like light housekeeping, food prep, hygiene, etc). You may want to consider transitioning him to a AL so that you get relief, since his needs and dementia behaviors will only intensify. Wishing you success in recovering what was stolen!
Yes, thank you Geaton777 for your advice. Actually, thank you to everyone. It’s been exhausting and rather difficult. I have been trying to reach out locally to get on a waiting list for county elder support. Just yesterday my phone put me on silent while I was waiting for a phone call and missed the “ call”, and now I have to wait an additional three days for a call to set up a call interview to put my father on a waiting list for these services in citrus county…like I said it’s exhausting, redundant, doesn’t make sense and feels like I’m on a hamster wheel.
I would put in a police report and then file that with the bank. This should get the money back. I had that happen a few years back and the bank returned the money within 10 days. Good luck.
https://www.sec.gov/tcr
Not sure how it will work if Dad gave out his information.
In addition, has this been reported yet, either to the financial institution or to the federal government (if applicable)? Do you have any idea who's involved with the theft?
To lessen your stress (per your profile info) you may want to contact social services to come in to conduct an assessment to see if he qualifies for in-home services (like light housekeeping, food prep, hygiene, etc). You may want to consider transitioning him to a AL so that you get relief, since his needs and dementia behaviors will only intensify. Wishing you success in recovering what was stolen!