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Legal Information: West Virginia
Laws current as of April 1, 2024 What is the legal definition of financial exploitation?
Financial exploitation is when someone:
- steals or misuses your money or assets on purpose (“intentional misappropriation”); or
- reduces your assets (“diminishment”) by influencing you to act against your own free will (“undue influence”).1
Financial exploitation does not include when a person makes an honest effort to help you manage your money or other things of value but you end up losing money.1
1 W. Va. Code § 55-7J-1(b)(3)
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