Hawaii Elder Fraud Statutes
In Hawaii, financial exploitation is characterized as the “wrongful or negligent taking, withholding, misappropriation, or use of a dependent elder’s money, real property, or personal property.” Examples of this include:
- Unauthorized sale or transfer of property
- Misappropriation of funds from an account
- Breach of fiduciary duty, which may mean:
o Misusing power of attorney
o Abusing guardianship privileges
According to Hawaii’s state statute, financial or economic exploitation could include “coercion, manipulation, threats, intimidation, misrepresentation, or exertion of undue influence.”
Elder financial fraud penalties
If it is discovered that someone is a abusing an elderly person, the attorney general can bring a civil action against the person. The penalty is a fine between $500 and $1,000 plus the costs associated with the investigation.
Victims of elder fraud in Hawaii may be able to recover lost funds
If you – or perhaps an older family member – have been the victim of financial fraud, action is needed. While you’ll of course want the perpetrator to feel the full weight of the law, you should also consider ways to get your money back. Recovering lost funds may be possible with the help of an elder fraud attorney.
To learn about your options, get in touch with the Silver Law Group. We have been representing victims of elder financial fraud for years and have helped numerous people recover lost funds. And because we only work on contingency, you won’t owe us a fee unless we are successful. Call us toll-free at 1-800-975-4345 or reach us through our online contact form.
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