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October 16, 2019

U.S. Attorney’s Office to Host Seminar in Asheville on Friday on Investment Fraud Schemes Targeting Elderly Investors

The U.S. Attorney’s Office, together with invited guest speakers from the U.S. Securities and Exchange Commission, will host a seminar on Friday, March 31, 2017, from 10:00 a.m. to 12:00 p.m., at the University of North Carolina – Asheville, Highsmith Student Union, Suite 220.  The purpose of the seminar is to educate elderly investors on avoiding investment fraud schemes and safeguarding their savings from potential fraudsters.

“There are many types of financial fraud scams that target seniors.  As a result, millions of older Americans become victims of financial fraud each year. Perpetrators of financial investment schemes often prey upon older investors, and use a number of tactics and false promises of high returns on investments to convince victim-investors to hand over large portions, if not all, of their savings. Often, by the time the fraud is uncovered, the financial losses sustained by the older investors are devastating and with little hope of financial recovery,” said U.S. Attorney Jill Westmoreland Rose, in announcing the seminar. “That is why financial fraud education is so important. The upcoming seminar is an opportunity to educate seniors about different types of financial investment schemes, the red flags to look out for and some of the ways they can protect themselves from financial investment fraud. Sadly, we come across too many financial fraud victims who might have avoided getting ripped off if they had only known to ask, and insisted upon receiving answers to, some basic question from the beginning.”

The seminar will cover a broad range of topics, including the most common types of investment fraud scams targeting the elderly, red flags to watch out if approached by someone touting an investment opportunity, tips on how to avoid becoming the victim of an investment scheme, and who to contact to report a suspicious investment offer or if you have been the victim of an investment scam. An open discussion and Q&A session will follow the speakers’ presentations.

The seminar is open to the public.  Registration is not required.  RSVPs are encouraged to ensure adequate seating. To RSVP attendance please email USANCW.Conference@usdoj.gov

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.  For questions please call Lia Bantavani at (704) 338-3140.

About The Author

Andy has worked in broadcasting around Western North Carolina over the last 17 years. He serves as the Operations Manager and Program Director for WRGC and WBHN. “I’ve been with the crew here at Five Forty Broadcasting since the idea of bringing the station back to Jackson County at 540-AM. I feel a personal connection with community radio and the area”. In the past, Andy has worked with iHeart Media and Sky Country Broadcasting. He resides in Haywood County.

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