Woman says "I felt betrayed" and claims her brother drained her parents' life savings
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The Bottom Line
An Illinois woman claims her brother drained their parents' life savings after they moved to assisted living.
How This Affects You
Your family's savings could be vulnerable to fraud or misuse by relatives, especially when elderly parents move to assisted living.
AI Summary
An Illinois woman told CBS Chicago's Dorothy Tucker that her brother drained their parents' life savings. This alleged financial exploitation occurred after the parents moved to an assisted living facility, with the brother reportedly using the funds to pay his own bills. The woman stated she "felt betrayed" by her brother's actions. CBS News business analyst Jill Schlesinger is providing advice on how families can protect loved ones from such scams and fraud.
What's Being Done
CBS News business analyst Jill Schlesinger explains how families can protect loved ones from scams and fraud.
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