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Iowa Fraud Fighters November Presentation
The Iowa Fraud Fighters Forum held on November 21, 2013, focused on educating the public about various scams, particularly targeting older populations, including Ponzi schemes and affinity fraud. Presenters included Nick Gerhart, Iowa Insurance Commissioner, and representatives from health insurance and legal departments who provided resources for verifying licensed salespeople and registered products. The event encouraged attendees to seek information through multiple channels, enhancing awareness and prevention of fraud.
Iowa Fraud Fighters November Presentation
- 1. Welcome to the IowaFraud Fighters Forum November 21, 2013
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- 3. Nick Gerhart • • • • • Insurance Commissioner IowaInsurance Division Website: www.IID.State.IA.US Website: www.IowaFraudFighters.gov Phone: 515-281-5705 or 877-955-1212
- 4. Nick Gerhart • Formatfor the Forum • Funding Source for the Forums and Public Education Campaign
- 5. “Because that’s wherethe money is!” —Willie Sutton, on why he robbed banks Why do scammers target the older population segments? Same reason.
- 6. Nick Gerhart • CurrentScams – Ponzi or Pyramid Schemes – Affinity Fraud • Note About Crowd Funding – SEC issuing rules – Could make it easier for bad actors to pitch fraudulent schemes to unsophisticated investors
- 7. Nick Gerhart Check withthe Iowa Insurance Division to see if: •The salesperson is licensed •The product is registered •There are known problems with the product or the salesperson
- 8. Kris Gross • • • • Director Senior HealthInsurance Information Program (SHIIP) Website: www.TheRightCallIowa.gov Phone: 800-351-4664 or 800-735-2942 (TTY) • Email: SHIIP@IID.Iowa.Gov
- 9. Chantelle Smith • • • • • Assistant AttorneyGeneral Iowa Attorney General’s Office Website: www.IowaAttorneyGeneral.gov Phone: 515-281-5926 or 888-777-4590 Assistant Attorney General Chantelle Smith
- 10. Deanna Clingan-Fischer • • • • Iowa's StateLong-Term Care Ombudsman Iowa Department on Aging Website: www.IowaAging.gov Phone: 800-532-3213
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- 12. Thank You forAttending. Informational Tables Are Open Until 2 p.m.