New figures have showed that care home managers reported almost 13,000 concerns that vulnerable residents were experiencing financial abuse in the past four years.
Between 2013 and June last year, statistics show that there were 12,968 investigations of potential financial abuse by the CQC.
Data has been collected from an FOI request to the CQC, which has prompted experts to call for a Government inquiry into the scale of the issue.
Financial abuse comprises of someone pressuring a vulnerable person to sign over property or other assets, persuading them to hand over money, or using cheques, credit or debit cards without their permission.
A Government spokesman said:-
“Abuse of people in care is completely unacceptable in any form and we expect all care homes to protect residents from financial exploitation.
“We have introduced tougher inspections of care services and made sure that the police, councils and the NHS are working together to help protect vulnerable adults.”
