Nursing Home Residents Susceptible to Financial Exploitation

According to a new investigation, nursing home employees face few obstacles when attempting to steal money from residents’ trust funds.  When nursing homes start managing a resident’s finances, their money usually goes into a trust fund which is managed similarly to a bank acccount.  In the last three years, both state and federal nursing home inspectors have issued more than 1,500 citations related to trust fund theft and mismanagement and more than 100 employees have been prosecuted for stealing from trust funds.  According to long term care experts, there needs to be more regulations set in place to safeguard seniors against financial exploitation.

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