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Senate Committee hears Sponsor Testimony on Elder Fraud Bill

The Senate Judiciary Committee took testimony this week from Senator Steve Wilson (R-Maineville), the sponsor of Senate Bill 158. The bill would develop best practices and educational opportunities to combat elder fraud and exploitation and to fine and require full restitution from offenders who are found guilty of certain fraud-related crimes against the elderly.

Sen. Wilson said in sponsor testimony that seniors lose nearly $3 billion to fraud each year. "In my 40-year career in banking, I witnessed daily attempts to financially exploit seniors. As a state, I believe we can do more to ensure that our elders receive the protections they deserve," he said.