House approves bill criminalizing financially exploiting elderly

Posted on Apr 01, 2014

In the wake of number of calls to the Des Moines Police Department about a money card scam, the Iowa House has approved a bill creating a new crime for the financial exploitation of the elderly. The bill makes financially scamming vulnerable adults age 65 or older and unable to protect themselves a crime ranging from a simple misdemeanor up to a class “C” felony punishable with a penalty of ten years in prison.  The penalty would depend on the amount of money involved.  The House rejected parts of the Senate version of the bill, titled Senate File 2239, that included a state-sponsored referral and investigative services for those 65 and older concerned about being financially exploited.

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