Friday, March 02, 2007

Young folk rip-off elderly

Young folk rip-off elderly | The Courier-Mail: "ELDERLY Queenslanders are losing $2.5 million every month to rip-off merchants who often turn out to be their own children, in a financial scandal set to deepen over the coming decade.

A Queensland Government funded agency is one of the first in Australia to gather statistics on financial abuse of the elderly by examining Helpline figures over four years.

The figures, given to a federal inquiry into the elderly and the law, are just part of the information being fed to the Federal Government about the problem, which is set to deepen as Australia's population rapidly ages.

'Some children try to acquire their parents' money before they die and beat their siblings to it,' said Yvonne Zardani, secretary of the Queensland branch of the Australian Pensioners and Superannuants League."

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