The Elder Financial Protection Network, based in Novato since its inception, has moved its offices to San Francisco’s Financial District. The new office space is being donated by EFPN founding partner, First Bank.
The new location is 550 Montgomery St., Suite 485, San Francisco, CA 94111. EFPN may be reached by phone at 415.956.5556 and by fax at 415.956.5559. The Web site remains the same, www.bewiseonline.org.
The move to the historic First Bank building follows the expansion of the nonprofit organization’s reach outside the Bay Area. “For the past eight years, EFPN has been working with financial institutions, adult social service agencies, law enforcement organizations, senior groups and the public throughout California to raise awareness and step up the prevention, reporting and prosecution of financial crimes that target the elderly,” said Founder & CEO Jenefer Duane. EFPN is currently developing several new initiatives and plans to expand its advocacy to several other Western states in 2008.
The growing numbers of elders – and in many cases the increasing value of their assets – has left many prey to identify theft and scams as well as dishonest family members, caregivers and unscrupulous sales people. Victims of elder abuse, neglect and financial exploitation rarely recover financially and losses often lead to depression, physical decline, reliance on public benefits and even death; victims are 3.1 times more likely to die at an earlier age than those who are not abused or exploited.