Minnesota's 9,600 Certified Public Accountants were urged Tuesday to help identify senior financial abuse as they help elders prepare their tax returns.
Commissioner Mike Rothman of the Minnesota Department of Commerce sent a letter to the state's CPAs identifying signs of financial abuse. They include substantial changes in income, exotic investment, missing or incomplete documentation and financial gifts.
The department cited a study conducted by the Investor Protection Trust that showed one out of every five citizens over the age of 65 has fallen victim to a financial swindle costing American seniors $2.5 billion per year.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Star Tribune
Sports
Minnesota Sports Hall of Fame: A class-by-class list of all members
Who's in the Star Tribune Minnesota Sports Hall of Fame? From Bernie Bierman to the latest class, here's the list:
Sports
This retired journalist changed professional wrestling from Mankato
Norm Kietzer was a pioneer in professional wrestling journalism for 40 years.
High Schools
All-Metro Sports Awards: Here are the 2023 winners
The Star Tribune recognized the best of metro area high school athletes with its sixth annual All-Metro Sports Awards. Here are the 2023 winners, who were honored Wednesday night at Target Center.