What type of scam involves gaining access to an elder's finances through personal relationships?

The type of scam that involves gaining access to an elder's finances through personal relationships is known as sweetheart scams. These scams typically involve a perpetrator establishing a romantic or close personal relationship with an elder, often through online platforms. The scammer gradually gains the elder's trust and manipulates them into providing financial support or sharing sensitive financial information.

This approach exploits the emotional vulnerabilities of the elderly, who may be seeking companionship or affection. Sweetheart scams are especially concerning because they can go undetected for prolonged periods, often resulting in significant financial loss to the victim. Understanding this form of financial exploitation is crucial in protecting vulnerable populations and providing them with the information they need to recognize and avoid such schemes.