Elder financial exploitation expert Victoria Lloyd, Esq., will present a seminar, “Keeping Elders’ Money Safe,” at New England Federal Credit Union (NEFCU) from 5:30-7:00 p.m. on Thursday, May 18th. The seminar, held at NEFCU’s Main Branch at 141 Harvest Lane in Williston, is free and open to the public.
Lloyd is the founder of Athena Fiduciary Services, which provides services and trainings to prevent financial exploitation of vulnerable adults. She served as an investigator of financial exploitation for the State of Vermont Adult Protective Services. She also created and chaired the Vermont Financial Abuse Specialist Team (FAST) for two years.
People over 50 hold 70% of America’s wealth. Elders who are lonely, isolated, suffering a recent loss, or unfamiliar with financial matters are vulnerable to financial exploitation. Recent MetLife Mature Market Institute research found that annual financial losses incurred nationally by elder victims exceed $2.9 billion. "Vermont is not immune to the problem," noted Lloyd in a recent editorial, “Financial exploitation of vulnerable adults and the elderly is alive and well in Vermont."