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09-17-09
Washington, DC
U. S. Senator Gillibrand details plan to combat financial
fraud targeting seniors
To
combat fraud and protect seniors, U.S. Senator Kirsten
Gillibrand unveiled her plan to crack down on financial
fraud against seniors, increase penalties on those scamming
seniors, increase awareness of criminal tactics, and hold
workshops across New York on financial literacy to empower
seniors to protect themselves and their life savings. A new
report from Senator Gillibrand’s office estimates that over
half a million New York seniors fall victim to consumer
fraud each year.
“Seniors
have spent a lifetime saving and preparing for the golden
years, and they deserve financial security and peace of
mind,” Senator Gillibrand said. “But far too many seniors
are being lured into bad investments, and getting scammed by
criminals out of their savings and benefits
A new
report from Senator Gillibrand estimates that approximately
half a million New York seniors have fallen victim to
consumer fraud – losing approximately $180 million.
Gillibrand unveiled her plan to crack down on financial
fraud against seniors, and empower more seniors with the
knowledge and resources they need to protect their savings.
1. Increase Penalties for People who Commit Fraud Against
Seniors
2. Crack Down on “Senior Advisor” Scams
3. Protect Social Security and Veterans Benefits from Debt
Collectors
4. Stop Abusive Mail, Telemarketing and Internet Fraud
Against Seniors.
5. Workshops on Financial Literacy to Empower and Protect
More Seniors
The
workshops will be an opportunity to bring everything
together for seniors.
Starting
this month, Senator Gillibrand will be joining with various
advocacy organizations and community groups, such as AARP,
the Council of Senior Centers and Services, Inc., and Credit
Where Credit is Due to hold workshops across New York
between now and the end of the year on financial literacy to
help empower and protect more seniors.
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