|Targeted News Service|
Today's kick-off event, featuring Attorney
The Attorney General's office is running the "Smart Seniors,
"We're all at risk of becoming victims of investment fraud. Losing money on a bogus investment can happen to anyone. Unfortunately, older adults, who are often targeted by con artists, are at special risk. This educational push is aimed at empowering
Elder investment fraud is a serious and growing problem. People 60 years and older make up 15 percent of the population but account for an estimated 30 percent of investment fraud victims. The 2011 MetLife Study of Elder Financial Abuse found that the annual financial loss by victims of elder financial abuse is at least
Senior groups are encouraged to contact the Attorney General's office to book a "Smart Seniors,
The broad themes covered in "Smart Seniors,
* ASK QUESTIONS: Investigate before you invest.
* BE PREPARED TO SAY NO: Don't be rushed into an investment. It is okay to say, "No, let me think about it."
* GET A SECOND OPINION: Ask your attorney, stockbroker, accountant, or other reliable consultant about the investment first. Even discussing the opportunity with friends and family first can be beneficial. Don't be afraid to discuss it with others before making the investment.
Specific topics that will be covered in the programs include: who is at risk, how con artists operate, the psychology of persuasion and influence, techniques commonly used by con artists, the red flags to look out for, and strategies to take control of your finances and avoid becoming a victim of investment fraud. In conjunction with the launch of the "Smart Seniors" outreach program, Attorney
"Financial security is a crucial issue for older New Yorkers, many say they'll have to delay retirement due to finances, some worry they won't be able to retire at all, the group is a ripe target for investment fraud," said
Since taking office, Attorney
* In September, Attorney
* In May, Attorney
* This "Smart Seniors,
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