Department of Financial Institutions
Seniors Invited to Free Fraud Prevention Event

Press Release Date:  Wednesday, November 12, 2008  
Contact Information:  Kelly May, Public Information Officer
502-573-3390 x252
800-223-2579 x252
kelly.may@ky.gov
 


   FRANKFORT, Ky. – Nov. 12, 2008 – Paducah area seniors are invited to a FREE workshop on Nov. 18 to learn how to protect themselves from investment fraud, home improvement fraud, mail fraud, predatory lending and identity theft. Participants who register by calling 877-926-8300 will receive take-home materials, a free meal and a chance to win door prizes.

   “This is a wonderful opportunity for citizens in Western Kentucky to learn how to protect themselves in these tumultuous economic times,” said Gov. Steve Beshear. “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 – because they have the money to invest – are natural targets for a wide range of unscrupulous practices. The Senior Scam Jam is designed to raise awareness about some of the techniques con artists use to take our money, so we can recognize the tactics and protect ourselves.

   The techniques scam artists use to sell inappropriate investments are typical of many types of fraudulent activities. That’s why Kentucky’s Campaign for Wise and Safe Investing has included partners such as the AARP, Department of Financial Institutions (DFI), Attorney General’s Office, the Better Business Bureau and the United States Postal Inspection Service to provide information on avoiding fraud and protecting seniors and their finances.


WHO:      Paducah area senior citizens
WHAT:    Free workshop on fraud prevention
WHEN:    Tuesday, Nov. 18
              12:45 – 5:15 p.m. CST
WHERE:   Paducah-McCracken County Senior Citizens Center
              1400 H.C. Mathis Drive
              Paducah, Ky. 42001
HOW:      Register now by calling 877-926-8300
NOTE:     The event begins after the regular noon lunch provided by the senior center. All are welcome to come for the lunch as well, but please register so there will be enough food for the evening dinner that is included free with event participation.


   The Paducah Senior Scam Jam is made possible by a grant from the Investor Protection Trust and the AARP Foundation and is brought to Kentucky seniors by the Campaign for Wise and Safe Investing. Find out more at: www.kfi.ky.gov/consumerinformation/cwsi.htm.

   Before investing, check with DFI, Kentucky’s state securities regulator, to verify if the investment opportunity is registered and if the seller is licensed. Use the online search at www.kfi.ky.gov/search.htm or call 800-223-2579.

   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 the public through effective and efficient regulation that promotes consumer confidence and economic growth. DFI is committed to providing financial education and promoting awareness about the importance of saving, investing and making wise personal financial decisions.

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