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It's no secret that investment fraud, particularly as it exploits and damages the elderly, has become a huge problem in the United States. Over 40 million investors are victimized each year, and many of those are age 65 and over – a population that is growing by 10,000 every day. Billions of dollars are lost every year, and for those who are already retired, these losses are nearly impossible to recoup. Even more problematic is the issue of reporting. Financial fraud is one of the most under-reported crimes in the country, with an estimated 1 out of 40 cases actually making it to law enforcement or regulators.
In response, the Colorado Division of Securities has developed the $ecure Colorado campaign. This program aims to increase awareness of financial fraud both in potential victims, as well as those who may be equipped to spot victimization in others. Furthermore, the campaign seeks to encourage and increase reports of financial fraud among Colorado residents, particularly those most vulnerable to its devastating effects.
Printable $ecure Colorado brochures:
$ecure Colorado presentations:
Every year, scammers defraud over 40 million Americans of billions of their hard earned dollars through investment fraud. Through a study conducted by AAPR and FINRA*, the top 5 persuasion tactics used to perpetrate fraud were identified:
*For more information on the top 5 persuasion tactice, visit http://www.saveandinvest.org/
In order to prevent becoming a victim yourself, watch out for the following “red flags” in any investment proposal:
How can you protect yourself?
By the year 2025, 1.2 billion people worldwide will be over the age of 65.
It is estimated that over 40 million Americans are victimized by fraud each year, losing billions.
Of the reported crimes, which have increased by 52% since 2008, only 12% are self-reported.
Who are the perpetrators?
Warning signs that abuse is already occurring:
What can you do if you notice these signs?
Request a $ecure Colorado Presentation