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Seminar teaches seniors how to avoid scams

Up to no good..some people are looking for ways to prey on those that have taken care of their finances.

“A lot of times seniors are targeted because they’ve had time to build up money, they have good credit…they’ve paid off loans,” said Kelly May of the Ky. Dept. of Financial Institutions, one of several presenters at the 'Senior Scam Jam' Thursday at the Center for Rural Development in Somerset.

Jana Brown was one of several dozen in attendance. She was interested in part because her 80 year old late stepfather bought into a bad offer from a shoddy life insurance agent.

“He saved his money..had it in stocks….figured he was paying too much,” said Brown.

But he lost it, so Brown and others gathered in Somerset to hear advice on not being victims..whether it be mail fraud, identify theft, or investor schemes.

A big part of the seminar was helping people tell the difference between what is fact and what is fake.

“Because a lot of times the fake things look like the real things, it’s hard to tell. We’re here to help them. We understand, and we can help you figure it out,” said May.

“I think that’s what came out today…we think we’re making good choices, we get emotionally involved and don’t step back and say I need to check this out,” said Brown.

The best advice if it sounds too good…it usually is.

“If you get an offer at home, especially if it's something you didn’t ask for, the best thing is to hang up, shred it or throw it away,” said May.

Help can also be found through such organizations and agencies as the Better Business Bureau, Kentucky Attorney General, or the U.S. Postal Inspector

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