The Elder Investment Fraud and Financial Exploitation (EIFFE) Prevention Program centers on working with medical professionals and other adult service providers to detect cases in which seniors could be vulnerable to fraud. Kentucky has joined other state securities regulators to present this program.
The program trains Kentucky medical professionals through continuing medical education (CME) courses to spot elderly patients who may be particularly vulnerable to financial abuse. Suspected investment fraud involving these at-risk patients should be referred to state securities regulators and/or to Adult Protective Services (APS) professionals.
In addition to educational workshops, the program includes free educational materials for both clinicians/elder care workers and their clients. For free copies of the resources, email Kelly May
or call 800-223-2579, ext. 252.
EIFFE Presentation for Kentucky Medical Association Sept. 12, 2012
Individuals with mild cognitive impairment (MCI) may be more at risk for investment or other financial fraud. Those with MCI are less risk averse and are four times more likely to make financial errors than those without. Persons over age 71 in the U.S. who have MCI or full dementia number almost 9 million (35 percent). Those with common medical conditions such as Parkinson’s disease, diabetes and other cerebrovascular disease also have an increased risk of being defrauded.
For more information about the national EIFFE Prevention Program, visit the website