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Investor Protection Groups Unite to Battle Scam Artists
National call-in educates public about elder financial abuse warning signs and prevention methods
Posted Date: 11/8/2011

For Immediate Release
Contact: Catherine Lu, Public Information Officer
(702) 486-6982 / 334-7953
clu@sos.nv.gov  


(Carson City, NV: Nov. 8, 2011) – To combat the growing number of senior citizens being scammed by fraudulent operations, the Secretary of State Ross Miller’s Securities Division encourages elders to join a free national call-in hotline hosted by Kiplinger and a network of investor protection groups.

On Thursday, Nov. 10 from 6 a.m. to 3 p.m. PST, members of the Financial Planning Association, National Adult Protective Services Association and health care professionals will answer questions about elder financial security, decisions and abuse. Callers will receive advice and guidance on how to protect themselves or loved ones against investment swindles and financial abuse. One out of every five citizens over the age of 65 has been victimized by a financial swindle.

“Scammers often prey on seniors because they’ve amassed more wealth than younger populations, are more likely to have some sort of disability or haven’t been able to keep pace with technology, making it more difficult to manage their finances,” said Secretary of State Ross Miller. “The first and best step toward preventing financial abuse is education. This free call-in is a great opportunity to learn what scams exist so seniors don’t become victims.”

Anyone can call the following toll-free numbers to get their questions answered:

General Finance – 888-227-1776
Speak with an expert from the Financial Planning Association about your family’s financial security, as well as identifying and protecting you and your family from fraud.

Medical – 888-303-0430
Speak with a health care professional about medical issues that can impact an older person’s ability to make wise and safe financial decisions and can increase their vulnerability to elder financial abuse and exploitation.

Financial Abuse – 888-303-3297
Speak with an adult protective services (APS) professional about the most common ways that older adults are financially exploited and methods for preventing elder abuse.

The national call-in is sponsored by Kiplinger, Investor Protection Trust, Investor Protection Institute, Elder Investment Fraud and Financial Exploitation Prevention Program, Financial Planning Association, and National Adult Protective Services Association.

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