role played by state regulatory agencies and i am particularly pleased to welcome to our hearing judith shaw who served as securities administrator for the state of maine. maine i'm happy to say is on the cutting-edge of helping to combat -- through programs like the innovative senior safe program which is the first of its kind in the nation. i won't preempt her testimony by describing it but i think it provides a model for many states. financial exploitation knows no socioeconomic boundaries. victims range from seniors who have very modest financial means to those who have amassed great wealth. for example the daughter of the maine senior sold her mother's home and moved her into a camper into her backyard. as if that were not bad enough that daughter and her boyfriend went on to to please her mother's lifesaving -- life savings over the course of two years leaving her pending those as well as homeless. while individuals of limited means are particularly vulnerable even the wealthiest the most fortunate americans are not immune from financial exploitation. today we will also hear from phili

i'm particularly pleased to welcome to our hearing, judith shaw who serves as the securities securities administrator of maine. maine is on the cutting edge of combating the fanlinancial abuse of seniors with a program which is the first of its kind in the nation. i won't preempt ms. shaw's testimony by describing it but i think it provides a model for many states. financial exploitation knows no socio/economic boundaries. victims range from seniors who have very modest financial means to those whoa have amassed great health. for example, if it were not bad enough, the daughter and her boyfriend went onto deplete her mother's life savings over the course of two years, leaving her penniless as well as homeless. while individuals of limited means are particularly vulnerable, even the wealthiest the most fortunate americans are not immune from mr. martial and socialite brooke aster who summered in maine for decades and who what's so generalious to our state. he will testify how his mother while she suffered from alzheimer's. many times it is vital for a senior to have the assistance of a f

role played by state regulatory agencies and i am particularly pleased to welcome to our hearing judith shawerved as securities administrator for the state of maine. maine i'm happy to say is on the cutting-edge of helping to combat -- through programs like the innovative senior safe program which is the first of its kind in the nation. i won't preempt her testimony by describing it but i think it provides a model for many states. financial exploitation knows no socioeconomic boundaries. victims range from seniors who have very modest financial means to those who have amassed great wealth. for example the daughter of the maine senior sold her mother's home and moved her into a camper into her backyard. as if that were not bad enough that daughter and her boyfriend went on to to please her mother's lifesaving -- life savings over the course of two years leaving her pending those as well as homeless. while individuals of limited means are particularly vulnerable even the wealthiest the most fortunate americans are not immune from financial exploitation. today we will also hear from philip mars

. >> ranking member i am judith shaw end of the administrator i am honored to be here to discuss one of the most serious problems to have financial exploitation it was difficult but critical many is the population due to social isolation with other support networks. the days of america is and then fading into the past we've no older adults are fodder for a vigil schemes because they have tangible assets and are attractive to ischium artists. and even significant savings to recoup losses. it is a community problem and we must all come together for the elderly to break down barriers to achieve a solution. we must identify those with referrals to appropriate government agencies. and then to be the banks and credit unions with the department dead aging services for the elderly and main credit unions senior save was created with those expectations for financial institutions. into meet with representatives to identify barriers so institutions are left wondering if there even was a problem in the first place. we also learned they lacked direction. senior save is comprised of training and a