Should Scam Artist status of the rich, elderly confidence
Mrs. Brown and her husband was a pilot, lost $ 60000, after his co-pilot to deceive directly deposit the money in an offshore bank account for many years.The next day, the co-pilot made his timetable, so it is never to speak to her new husband, “said Brown, dropped his first name.
“It was stupidity. We never a penny, nothing, “said Mrs. Brown, a Hawaii AARP volunteers, on their common history, an investment fraud workshop recently.”If you do not trust your co-pilot, can you trust?” , Says she.
According to the Federal Trade Commission, Hawaii ranked seventh in the nation on the number of cases of fraud complaints per capita of the population. During 2006, the island lost consumers over $ 11 million to fraud.Patricia Moy, senior counsel of the implementation of the State Investment Office of the Commissioner, said she believes the reason, Hawaii series highest in the fraud, because there is a large population Seniors in Hawaii and also because many people are Hawaii confidence man.
“(Elderly), for their lives to save their money,” she said. “This is where will the fraudsters. They are going to money.”Moy, said in the workshop, said the elderly, the No. 1 target for investment fraud because they are isolated, they have money and they have time for arrivals.
Workshop speaker Sally Hurme, an expert on fraud for consumers with the AARP national office, said the only one in 15 victims we just report the incident.”If fraud is not reported, it continues,” she said. “It is important to realize, even if you do not have a fraud. It is to help others. ”
A recent study by AARP, 67 percent of seniors are currently invested in securities such as stocks, bonds or investment funds. The same percentage of respondents said they are concerned about investment fraud.After the State Office of Securities, the five greatest threats to investors in Hawaii Ponzi schemes free sale of securities, affinity fraud, product placement and variable annuity sales practices.
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