$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Financial Exploitation: Determination Of Probable Cause

tag 0 Download6 Pages / 1,251 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT


Describe about the Financial Exploitation for Determination of Probable Cause?.




The case is about the crime of Theft in the first degree, committed by Derek Clint Yates in the City of Auburn, King Country, Washington. Eleanor H. Ludwig taught in the school for over thirty years in Kent. Later in 1981, she became involved in the investment business of real estate with her husband. They maintained 10 to 15 rental properties throughout South King Country. After the death of her husband, she began exhibiting short term memory changes and the signs of depression had increased. However, she employed Derek Yates for maintaining the work on various properties owned by her.
In June 2011, Eleanor Ludwig hired Wilson and Sons, who was owned by Derek Yates' father. Eleanor and Yates developed the personal relationship and Ludwig shared the information related to her properties. She usually makes the payment in cheques but Yates refused to take cheques because he didn't have any bank account. She relied on him to help her in maintaining the properties and was loyal to him. He would manipulate her in giving him a large amount of money for the purchase of supplies and never provided receipts back to her. Therefore, no financial transactions could be made and due to this Eleanor Ludwig had been financially exploited by him (Anon., 2016).

Areas Examined

In the late August 2011, Eleanor Ludwig and Derek Yates decided to buy an additional property.  Eleanor purchased a condominium along with Yates as the co-owner of the property but there was no record that he contributed any money to the transaction. All the documents were misfiled and the expenditures were unrecorded. We examined the financial records and related documents through the issuance of a search warrant and bank records of both Eleanor Ludwig and Derek Yates and suspect during the period between September, 2011 to August, 2012 in order to determine the total amount of cheques made payable to Derek Yates to purchase the supplies needed for maintaining and remodeling the various properties.

Findings of the Investigation

Through the investigation, it was found that Eleanor Ludwig wrote 103 cheques between 29th August 2011 to 5th September 2012 payable to Derek Yates with the total amount of $ 250,830. However, there is no indication from the written cheques by Eleanor Ludwig that Yates was paid a regular monthly fee for the work he performed on the properties. Ludwig also wrote the cheques to All City Bail Bonds for Yates amounted to $ 14,248 in March, 2012. An additional cheques were made payable by the Ludwig to Yates's family members (his mother, stepfather and girlfriend) for $ 4,251.


Cause of Condition

Eleanor Ludwig was living alone having the age of 84 years was financially exploited by Yates because she did not have the mental ability to handle the complex financial and property decisions. Her cognitive capacity to consent to release her property, income, resources or trust funds was failing significantly. She owns many properties with the limited means to care. To the great extent, Derek Yates had gained the trust of Eleanor Ludwig and obtained her consent to provide the money in advance for the purchase of supplies and never receive a refund. However, Ludwig's granddaughter Breanna Drennan tried to talk her about Yates, how he was unkind and yelled on her but Eleanor always came to his defense (, 2016).

Effect of Condition

The financial exploitation of the elder member is the increasing threat in the nation. They are less able to survive with their finances due to their income. In the financial exploitation most of the adults lose their savings along with their possession (, 2016). It is the huge concern for the adults as it affects them badly and hinders their ability in maintaining their finances.  However, the mental stability of Eleanor was significantly falling and this irregularity led to major financial losses to her. The trust among the members of the family is negatively impacted and their actions are abused. If these problems are not detected by anyone on time may cause a financial threat to the victim (, 2016).


Eleanor Ludwig was vulnerable to the financial exploitation by Derek C. Yates. She was maintaining the properties herself only and employed Yates to look after the properties owned by her. In the meanwhile, she had a hard time in maintaining the paperwork and keeping the records of the property and began to misplace the things related to the property. During this time period, Derek Yates had started taking the advantage of Ludwig. This leads to the state of dishonest tactics, undue influence and illegal means to exploit her (, 2016).

However, Breanna Drennan granddaughter of Eleanor had initiated a Vulnerable Adult Protection Order against Derek Yates in order to protect her grandmother. After the investigation, the financial records of both Eleanor and Yates has been analyzed and found that in the beginning Yates was depositing the cheques written to him into his personal account and there was no record in the bank about the purpose of using the money him. Instead, it was spent on his daily activities. In addition, it was believed that she become fearful and had financial burden and stress which in turn resulted into the dramatic change in the emotional well being and lifestyle. Therefore, it was believed that Yates had committed the crime of Theft by Deception against Eleanor Ludwig (, 2016).


Financial exploitation arises when the person misuses the assets of the adult for his personal benefit. It is the fastest growing form of abusing the adults or the seniors, depriving them of the financial resources for their personal needs. There are many ways to address this financial exploitation. The Consumer Financial Protection Bureau had founded various financial institutions considering the best way to serve the solution for the problems faced by the people (Consumerfinance, 2016)

According to the jurisprudence and rules of law, the proper medical treatment of Eleanor Ludwig should be done. And the evidence should be collected to make Derek Yates accused of the crime of financial exploitation. The strict action should be taken against him and recover the amount he had spent during the period of maintaining the properties and the financial advisor should be hired for maintaining the accounts of Eleanor Ludwig (, 2016).

To prevent the elder abuse, Eleanor should live with her family members and develop the frameworks to prevent, address and punish the culprit. There should be a joint account of the Eleanor and her family member in the bank to ensure the financial security and the power of attorney should be monitored. However, the State Legislatures and other agencies have taken major steps towards combating the financial abuse.



Anon., 2016. Yates Certification for Determination of Probable Cause.

Consumerfinance, 2016. Recommendations and report for financial institutions on preventing and responding to elder financial exploitation., 2016. Financial Exploitation. [Online] Available at: [Accessed 26 May 2016]., 2016. Financial Abuse of Older Adults. [Online] Available at: [Accessed 26 May 2016]., 2016. The United States Department of Justice. [Online] Available at: [Accessed 25 May 2016]., 2016. The United States Department of Justice. [Online] Available at: [Accessed 26 May 2016]., 2016. Elder Financial Exploitation. [Online] Available at: [Accessed 25 May 2016]., 2016. Popular Federal Laws and Regulations. [Online] Available at: [Accessed 26 May 2016].


Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2017). Financial Exploitation: Determination Of Probable Cause. Retrieved from

"Financial Exploitation: Determination Of Probable Cause." My Assignment Help, 2017,

My Assignment Help (2017) Financial Exploitation: Determination Of Probable Cause [Online]. Available from:
[Accessed 04 June 2020].

My Assignment Help. 'Financial Exploitation: Determination Of Probable Cause' (My Assignment Help, 2017) <> accessed 04 June 2020.

My Assignment Help. Financial Exploitation: Determination Of Probable Cause [Internet]. My Assignment Help. 2017 [cited 04 June 2020]. Available from: provides guaranteed satisfaction with a commitment to complete the work within time. Combined with our meticulous work ethics and extensive domain experience, is the ideal partner for all your homework/assignment needs. We pledge to provide 24*7 support to dissolve all your academic doubts. We are composed of 3000+ esteemed experts who have been empanelled after extensive research and quality check. provides undivided attention to each assignment order with a methodical approach to solution. Our network span is not restricted to US, UK and Australia rather extends to countries like Singapore, Canada and UAE. Our assignment help services include thesis help, case study help, homework help, coursework help, MBA help and Programming help. Get your work done at the best price in industry.

Latest Accounting Samples

ACCT20071 Foundations In Accounting 2

Download : 0 | Pages : 10

Answer: Introduction The paper will focus on the integrating reporting tool is used by AGL Energy Limited. The main purpose is to discuss on my Australian companies is using Integrating reporting tool more and to assess the integrate reporting tool used by AGL Energy Limited. Corporate Social Responsibility is the responsibility of a business towards their community, customers and other stakeholders in order to provide social value and make ...

Read More arrow Tags: Australia 5 ACCOUNTING AND FINANCIAL REPORTING Central Queensland University 

ACCT322 Management Accounting For Financial Health And The Liquidity

Download : 0 | Pages : 2
  • Course Code: ACCT322
  • University: West Virginia University
  • Country: United States

Answer: Answer to Question 1 Financial accounting refers to the discipline that is utilized in order to determine the financial health of the company. The determination of the financial health and the liquidity position of a company are important. This is because the financial information presented in the accounting statements reflects the true financial condition of the company, which helps the stakeholders of business to interpret the finan...

Read More arrow

HA3011 Advanced Financial Accounting 6

Download : 0 | Pages : 10

Answer: Part A Based on the application of the conceptual framework usefulness of the financial information is considered with the application of factors such as “comparable, verifiable, timely and understandable” nature of the financial reporting. The relevance factor is associated to the making a difference in the decisions which relate to the economic theories. It has been further seen that the financial information is needs to...

Read More arrow

HI5020 Corporate Accounting And Annual Reports

Download : 1 | Pages : 8

Answer: Introduction: Evaluation of financial figures, expenses, liabilities and assets of an organization is mandatory to evaluate the position of the company and the rules and regulations which have been followed by the company while preparing the financial reports of the company. In this report, annual report of The Citadel Group Limited has been evaluated and the tax expenses, current tax assets and tax payable amount of the company has b...

Read More arrow

ACC305 Assurance And Attestation System

Download : 0 | Pages : 5
  • Course Code: ACC305
  • University: Elite Education
  • Country: Australia

Answer: Introduction: In the provided situation, it can be seen that Mortdate Accounting firm has provided all the papers related to the audit of many public companies to Penshurts Accountants.  APES 110, Confidentiality, 140 states that it is the obligation on the auditors that they cannot disclose the confidential information of the audit clients acquired at the time of providing professional services. For this reason, by providin...

Read More arrow

Save Time & improve Grade

Just share Requriment and get customize Solution.

We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits




Overall Rating



Our Amazing Features


On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.


Plagiarism Free Work

Using reliable plagiarism detection software, only provide customized 100 percent original papers.


24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.


Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.


Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

230 Order Completed

97% Response Time

Liya Han

Master Of Science in Geotechnical Engineering (MSc Geotec)

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

1309 Order Completed

100% Response Time

Gemmie Chen

MSc in Nursing

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

798 Order Completed

97% Response Time

Benjamin Blakeman

MSc in Medical Technology

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2109 Order Completed

99% Response Time

Emma Zhong

Ph.D in Project Management with Specialization in Project Communications Management

Singapore, Singapore

Hire Me

FREE Tools


Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.


Essay Typer

Get different kinds of essays typed in minutes with clicks.


GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.


Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.


Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability




Your Approx Earning

Live Review

Our Mission Client Satisfaction

My assignment help are the best. They communicate so well with their customers and their work is so neatly done. I recommend everyone to try them. I passed my essay report. Thank guys ????????


User Id: 415918 - 04 Jun 2020


student rating student rating student rating student rating student rating

thank you so much and one more thing are you available at next Wednesday as well?


User Id: 219126 - 04 Jun 2020


student rating student rating student rating student rating student rating

satisfied with the provided service, like the way assignment was done, will definitely get back to my assignment help when needed.


User Id: 288269 - 04 Jun 2020


student rating student rating student rating student rating student rating



User Id: 305377 - 04 Jun 2020


student rating student rating student rating student rating student rating
callback request mobile
Have any Query?