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Hang up on fraud! Minnesota Commerce Department launches senior fraud prevention campaign

11/30/2017 4:52:24 PM

For Immediate Release

SAINT PAUL – The Minnesota Commerce Department is convening a series of free public forums to provide information for older Minnesotans and their family caregivers on how to protect themselves and their money from common scams and fraud.

“These events are in conjunction with the launch this month of the Commerce Department’s Hang Up on Fraud! initiative,” said Commerce Commissioner Jessica Looman. “This is a statewide public information and outreach campaign to promote the availability of a new financial fraud prevention toolkit for older Minnesotans and their families.”

“The number of seniors and vulnerable adults who are targeted by scammers is alarming,” said Representative Paul Rosenthal (DFL-Edina), who carried legislation establishing the fraud prevention campaign. “Financial fraud can completely upend someone’s life and makes it more difficult for seniors and families to protect what they have worked so hard to earn. These proactive measure will help Minnesotans protect themselves from fraud and permanent financial hardships.”

Older adults are often targeted for financial exploitation. It is estimated that one out of every five persons over the age of 65 has been victimized by a financial swindle, with older Americans defrauded out of nearly $3 billion each year. The threat of senior financial fraud is expected to grow as the senior population itself grows.

To provide older Minnesotans and their loved ones with the knowledge and tools to stop fraud before it starts, the Commerce Department is working with law enforcement, social service agencies and groups such as AARP Minnesota, Minnesota Elder Justice Center and Senior LinkAge Line (Minnesota Board on Aging).

A free copy of the Commerce Department’s financial fraud prevention toolkit can be requested by email at consumer.protection@state.mn.us or by phone at 800-657-3602. It is also available on the Commerce Department website.

Senior Fraud Prevention Events

Monday, December 4, 11:00 a.m.
Hennepin County Library-Edina
5280 Grandview Square
Edina

Tuesday, December 5, 9:30 a.m.
Cora McCorvey Center: Heritage Park
1015 N. 4th St.
Minneapolis

Thursday, December 7, 12:30 p.m.
Rochester Public Library
101 2nd St. SE
Rochester

Friday, December 8, 11:00 a.m.
Whitney Senior Center
1527 Northway Dr.
St. Cloud

Tuesday, December 12, 11:00 a.m.
Duluth Public Library
520 W. Superior
Duluth

Thursday, December 14, 2:00 p.m.
Realife Cooperative of Phalen Village
1355 Phalen Blvd.
St. Paul

MEDIA CONTACT
Julia Miller
Deputy Director of Communications
Minnesota Department of Commerce
p: 651-539-1467| c: 651-587-7213 | julia.miller@state.mn.us

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