Thursday, November 18, 2010
Nationwide Fraud Program To Protect The Vulnerable
KENTUCKY...Kentucky has joined 23 other states in a nationwide program aimed at protecting older people from investment fraud and financial exploitation.
Participating states will work with medical professionals to detect cases in which the elderly are being scammed or are at risk of being ripped off by an investment con artist.
Gov. Steve Beshear's office said Wednesday that the program will train Kentucky medical professionals on how to spot elderly patients who may be especially vulnerable to financial abuse. Suspected investment fraud involving the elderly should be referred to state securities regulators or to Adult Protective Services officials.
Beshear says the best way to protect the financial security of seniors is to take action before their money is gone.
# posted by Homer Owens @ 11:30 PM 
