Texas Elder Justice Coalition is a network of Texas professionals from multiple fields and disciplines working together to end financial exploitation of older adults in Texas. Our work focuses on education, advocacy, accountability and collaboration with state and community partners to ensure that older adults age with dignity and financial security.
TEJC is a growing coalition of professionals serving and safeguarding older adults from becoming victims of exploitation and losing their precious wealth and health. Our central goal is to enlist as many types of organizations across Texas as possible to educate one another and improve systems of communication for identifying and reporting fraud and exploitation directed at older adults. In addition, our coalition focuses on deterring, interrupting and addressing financial exploitation of older adults.
Older adults in the U.S. lose approximately $28 billion every year to financial exploitation.
For every one case of financial exploitation of an older adult reported, another 43 never come forward.
72% of financial exploitation of older adult cases are committed by someone known to the older adult.
Texas is home to the third largest population of adults 65+ in the nation.
Sources: AARP Bank Safe Initiative. AARP Report Finds $28.3 Billion a Year is Stolen from U.S. Adults Over 60. AARP Press Room (June 15, 2023). Peterson, J.C., Burnes, D.P., Caccamise, P.L. et al. Financial Exploitation of Older Adults: A Population-Based Prevalence Study. J GEN INTERN MED 29, 1615–1623 (2014). AARP Bank Safe Initiative. AARP Report Finds $28.3 Billion a Year is Stolen from U.S. Adults Over 60. AARP Press Room (June 15, 2023). FBI. 2023 Elder Fraud Report (April 30, 2024).
Elder justice is when the collective actions of professionals, older adults, family and friends eliminate financial exploitation of older adults.
Financial exploitation is unauthorized or improper use of an older adult’s funds, property or assets for someone else’s benefit, often to the detriment of the older adult. All types of financial exploitation of older adults are, in short, theft.
Being financially exploited can be devastating to an older adult — not only because of financial losses, but also because there are significant emotional, psychological and physical consequences. Financial exploitation jeopardizes an older adult’s financial security, independence and quality of life. According to data from the National Elder Justice Law Enforcement Summit, even mild abuse, neglect or exploitation increase premature deaths in the elder older adult population by 300%.
Perpetrators can be family members, caregivers, financial advisors or strangers.
Recognizing the signs of financial exploitation and taking proactive measures to prevent and address it are crucial in safeguarding the financial well-being and dignity of older adults.
Examples of financial exploitation typically used by family, friends, caregivers or people they trust include:
Taking money or property from an older adult without their consent or knowledge.
Deceiving or tricking an older adult into giving away money or assets through false promises, misrepresentation or manipulation.
Pressuring or forcing an older adult to make financial decisions against their will, often through threats or intimidation.
Persuading or manipulating an older adult to change their will, sign over assets, or make financial transactions that benefit the influencer at the expense of the older adult's best interests.
Using a legally appointed power of attorney to access an older adult's finances for personal gain rather than for the benefit of the older adult.
Examples of financial exploitation typically used by strangers include:
Conning older adults through phone, mail, email or online schemes, such as lottery scams, grandparent scams or investment scams.
The Texas Elder Justice Coalition (TEJC) is pleased to offer a limited number of scholarships to cover the cost of registration for the 2025 TEJC Summit, either in person or virtually.
These scholarships aim to increase access for professionals, students, and community members committed to advancing elder justice across Texas.
DUE: Monday, May 5, 2025 by 5pm
Here are some other things to know:
The biggest scam losses happened by bank transfer or payment. Among all payment methods, people reported losing more money through a bank transfer or payment ($2 billion), followed by cryptocurrency at $1.4 billion.
Investment scams led to big losses. A majority (79%) of people who reported an investment-related scam lost money, with a median loss of over $9,000. The $5.7 billion losses in this category are up about $1 billion from last year.
People reported losing money more often when contacted through social media. Most people (70%) reported a loss when contacted on a social media platform — and lost more money overall ($1.9 billion).
Job scams and fake employment agency losses jumped — a lot. Between 2020-2024, reports nearly tripled and losses grew from $90 million to $501 million.
Younger people lost money more often. People aged 20-29 reported losing money more often than people 70+. But when older adults lost money, they lost far more than any other age group.
The report highlights several important considerations for businesses to improve their fraud reporting mechanisms:
User-Friendly Design: Websites should be easy to navigate with clear instructions on how to report fraud.
Accessible Reporting Tools: Businesses should provide dedicated forms, hotlines, and prominently displayed email addresses for fraud reporting.
Regulatory Compliance: Adherence to regulations like the Bank Secrecy Act (BSA) and the Gramm-Leach-Bliley Act (GLBA) is crucial for safeguarding sensitive data and detecting suspicious activities.
Customer Education: Informing customers about common fraud schemes and how to protect themselves through FAQs, tutorials, and alerts about recent fraud trends is beneficial.
The Texas Elder Justice Coalition (TEJC) is proud to offer an opportunity for Texas individuals, organizations, and community leaders to be recognized for their exceptional efforts in promoting justice for older adults at the Texas Elder Justice Coalition Summit, Tuesday, June 10, 2025.
This prestigious recognition highlights achievements in advocating for the rights and well-being of older adults affected by financial exploitation, preventing financial exploitation of older adults, and advancing policies and practices that protect older adults from financial exploitation.
Eligibility: The TEJC Recognition for Achievement is open to the following individuals or organizations in Texas:
• Individuals
• Nonprofit organizations
• Public agencies
• Community leaders
• Law enforcement
• Healthcare professionals, or
• Other entities or groups working to advance justice for older adults at risk of financial exploitation.
Dana Hoffman
Coordinator, Texas Elder Justice Coalition
682-235-5354
PO Box 11481
Fort Worth, TX 76110
This is a Texas-focused coalition website. Information may not be accurate for other locations. This website is not to be substituted for legal advice. This disclaimer will be governed by and construed in accordance with Texas, and any disputes relating to this disclaimer will be subject to the exclusive jurisdiction of the courts of Fort Worth, Texas.
