New Law Helps Protect Seniors from Financial Exploitation      

Q. Last summer, you wrote about a veteran named Larry Cook who was a victim of financial exploitation. He was scammed out of millions of dollars in Virginia before he died. Mr. Cook was very careful with his money and would never have allowed himself to be exploited so badly had he been in his right mind. His credit union really should have done more to stop him from wiring millions of dollars overseas. I remember his niece had been pushing for stronger protections following her uncle’s death, and I heard something about Larry’s Law being passed in Virginia just recently. I also heard that there are similar laws in Maryland. What is that all about? Thanks for your help! 

Critter Corner: How Can I Help My Husband Make Better Money Decisions?  

Dear Hayek, 

My husband doesn’t always make the best decisions about money. He has come close to being scammed in the recent past. Do you know of any training he (and I) could take to protect us from financial exploitation? Also, are there any tips you can provide? 

Thanks for your help! 

Munn Knee