Iowa Fraud Fighters -- Shield Your Savings is aimed at educating Iowans 65 and older on how to combat fraud and report investment schemes, fraudulent robocalls, imposter scams, Medicare fraud and others.
A press release issued Monday by the Iowa Insurance Division cited a 2015 True Link report on elder financial abuse, stating an estimated one in three Americans over 65 were affected by financial abuse over a five-year period. The report estimated senior citizens lose
"Fraudsters target seniors because they know these hardworking Iowans have saved for their retirements and that is where the money is," said Iowa Insurance Commissioner
"The seriousness of the problem has reached a boiling point," said Grassley, in a statement. "I'm hearing regularly from Iowans at my county meetings and through calls and emails that they're fed up with and worried about the incessant, unsolicited calls."
In March, the sheriff's office said it received a tip from a
At the fraud prevention forums, Ommen shares the story of
"At these forums, we stress the importance of reporting fraud to the appropriate authorities, and the state has been able to prosecute, get injunctions and settlements from investigations stemming from information gathered at these forums," Ommen said.
Consumers with insurance or investment questions or complaints can call the Iowa Insurance Division at (877) 955-1212 or online at www.iid.iowa.gov.
The Iowa Insurance Division collaborates with other state agencies to host the fraud forums, including a panel discussion with Ommen;
Ommen encourages Iowans to visit IowaFraudFighters.gov to learn about common scams and how to prevent them.
Top tips from the Iowa Insurance Division include:
--If it sounds to good to be true, it probably is neither good nor true;
--Never send money today for the promise of receiving more money later;
--Don't give out your personal information to anyone you don't know -- ever. The
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