In August of 2019 my parents were scammed out of between $9 and $12K for a Target gift card scheme. Some they withdrew from savings (and it was the local bank who finally involved police, they were too scared to tell anyone), some they used cash stashed in the house, so it’s difficult to know exactly how much, but $9K was withdrawn from the bank on that one day. I have the police report, but of course nothing was ever recovered. Eventually, I will be using a lawyer, just skimming through past paperwork for red flags for now. Just wanted to see if anyone had firsthand knowledge of how I document that money that was lost? Thanks!
Sorry to learn about the scamming of your parents. I hope the police and fraud units are eventually able to identify these people.
Be aware, that if one parent needs LTC the other would be the Community Spouse. As such, Medicaid allows assets to be split, CS can stay in the home and be given enough of their monthly income to live on.
If the bank officer who contacted the cops is still there, I’d suggest you try to get them to do a timeline statement on bank letterhead as to what happened, the amounts and when they contacted police. Just to have a second verification as to what happened. It will be fine.
As an aside on this, there was a poster eons ago on this site whose mom had been swindled by a granddaughter big time. Like the kid had forged Grans signature on private student loans, had her co-sign for a car, plus check$ every so often. Then atop this, gran paid for most of the girls wedding. LSS it was 6 figures of “gifting” & debt gran faced. Yeah lil Missy defaulted on her student loans. Out of state DPOA was lil Missys aunt and she was - like most of us - pretty hands off on her moms finances as everything seemed just fine. Then Mom falls, needs a NH and DPOA finds that huge amt of $ gone and mom doesn’t have $ to pay for the NH. Medicaid would place a transfer penalty till forever against her application. She ended up contacting APS and got them to open an investigation on “abuse of a vulnerable adult”, then she filed a police report on lil Missy using info in APS investigation. The police report was what Medicaid needed to overlook the transfers, so her mom became eligible. Lil Missy got a fine & some community service time.