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Seniors & Scams: Protect Yourself and Your Money

2/3/2017 10:53:57 AM

What

Minnesota Commerce Commissioner Mike Rothman is convening a free public forum in Rochester to provide information for seniors on how to protect themselves and their money from common scams and fraud. 

Older adults are often targeted for financial exploitation. According to the Investor Protection Trust, one out of every five persons over the age of 65 has been victimized by a financial swindle. One recent study estimated that older Americans are defrauded out of nearly $3 billion each year.

The threat of senior financial fraud is expected to grow as the senior population itself grows – including in Minnesota, where the number of people age 65 and over will double between 2010 and 2030.

The Commerce Department, the state’s consumer protection agency, is partnering with community leaders, law enforcement and consumer advocacy organizations to provide older adults and their loved ones with the knowledge and tools needed to fight fraud.

Who

Minnesota Commerce Commissioner Mike Rothman
Mayor Ardell Brede
State Representatives Nels Pierson and Duane Quam
Darrel Hildebrant, Rochester Police Crime Prevention Specialist
AARP Minnesota
Minnesota Elder Justice Center

When

10:00 a.m.
Friday, February 10

Where

125 Live Center for Active Adults
125 Elton Hills Dr. NW
Rochester

Media Contact:
Ross Corson
Director of Communications
Minnesota Department of Commerce
P: 651-539-1463 | C: 651-368-5050 | ross.corson@state.mn.us

Consumers

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