Department of Financial Institutions
Seniors Invited to Free Fraud Prevention Event Monday in Elizabethtown

Press Release Date:  Friday, September 16, 2011  
Contact Information:  Kelly May, Public Information Officer
502-573-3390 x252
800-223-2579 x252
kelly.may@ky.gov
 


   FRANKFORT, Ky. (Sept. 16, 2011) –Seniors from Elizabethtown and the surrounding area are invited to a FREE workshop Monday Sept. 19, 2011 to learn how to protect themselves from investment fraud, insurance fraud, mail fraud, lending fraud and identity theft. Participants who register by calling 800-223-2579 will be provided with lunch, take-home materials and a chance to win door prizes.

   “This is a wonderful opportunity for Kentucky citizens to learn how to protect themselves in these tumultuous economic times,” Gov. Steve Beshear said. “I encourage seniors to take advantage of this free and unbiased information to help guard against financial fraud.”

   AARP research shows that baby boomers and older investors have the money to invest and are natural targets for a wide range of unscrupulous practices. The workshop, entitled the Elizabethtown Senior Scam Jam, is designed to raise awareness about the techniques con artists use, so seniors can recognize the tactics and protect themselves from fraud.

   The techniques scam artists use to sell inappropriate investments are typical of many types of fraudulent activities. The Senior Scam Jam events include partners such as the Department of Financial Institutions (DFI), the Kentucky AARP, the Department of Insurance, Attorney General’s Office, the United States Postal Inspection Service and the Better Business Bureau. These agencies provide information on avoiding fraud and protecting seniors and their finances.

   “The financial exploitation of the elderly can be as devastating as physical abuse,” Attorney General Jack Conway said. “My office is committed to protecting and educating Kentucky’s senior citizens so they won’t become victims of financial fraud.”

WHO:        Senior citizens in Elizabethtown and surrounding areas
WHAT:      Free workshop on fraud prevention
WHEN:     Monday, Sept.19, 2011
                  9 a.m. to 2 p.m. EDT
WHERE:  Pritchard Community Center
                  404 S. Mulberry St.
                  Elizabethtown, KY42701
HOW:       Register now by calling 800-223-2579

   The Elizabethtown Senior Scam Jam is funded by a grant from the Investor Protection Trust (IPT). The IPT is a nonprofit organization devoted to investor education. Since 1993 the IPT has worked with the states to provide the independent, objective investor education needed by all Americans to make informed investment decisions. www.investorprotection.org

   Before investing, check with DFI, Kentucky’s state securities regulator, to verify if the investment opportunity is registered and if the seller is licensed. Call 800-223-2579 or visit www.kfi.ky.gov/public/invest.htm.

   DFI is an agency of the Public Protection Cabinet.  It supervises the financial services industry by examining, chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. DFI's mission is to serve Kentucky residents and protect their financial interests by maintaining a stable financial industry, continuing effective and efficient regulatory oversight, promoting consumer confidence, and encouraging economic opportunities.DFI is committed to providing financial education and promoting awareness about the importance of saving, investing and making wise personal financial decisions.

###