Joint Press

Senate Aging Committee to Examine Financial Exploitation of Seniors

Grandson of the late NY Philanthropist and Socialite, Brooke Astor Scheduled to Testify at Wednesday’s Hearing


WASHINGTON, DC- Financial exploitation of older Americans is a growing epidemic that cost seniors an estimated $2.9 billion in 2010, according to the Government Accountability Office (GAO).  In as many of 90 percent of these financial abuse cases, the senior is victimized by someone he or she knows well.  Financial exploitation of vulnerable seniors is the topic of an upcoming hearing of the Senate Special Committee on Aging. 

            The hearing is scheduled for Wednesday, February 4 at 2:30 PM in Room 562 of the Senate Dirksen Building. Witnesses include Philip Marshall, who is the grandson of the late Brooke Astor. He will testify about how his father, Anthony Marshall mistreated his mother and mismanaged her assets while she suffered from Alzheimer’s disease.

Further details of the hearing are as follows:

Hearing of the Senate Special Committee on Aging:

 

“Broken Trust:  Combating Financial Exploitation of Vulnerable Seniors”

February 4, 2015

2:30 PM

Dirksen Room 562

            Additional witnesses include:  Judith Shaw, Securities Administrator of Maine and president-elect of the North American Securities Administrators Association; Kathleen Quinn, Executive Director of the National Adult Protective Services Association; and Page Ulrey, Senior Deputy Prosecuting Attorney, Elder Abuse team, King County, Washington.

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