Changing Aging -Investment Fraud , Wednesday, 8/24/2011
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Return to index of stories... 		Welcome to Changing Aging in the Granite State. Today we talk about consumer and financial fraud. We'll uncover some of the risks and look at ways you can avoid becoming a victim.
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Return to index of stories... 		I'm Allison McNair. The proverbial snake oil salesman is known as the smooth talker who's good at selling a product that more often than not falls short of what's promised. In the 1800's they sold elixirs and potions. Today, snake oil has been replaced by promises of get-rich-quick schemes and discounts on goods and services.
AARP NH recently conducted a statewide survey about the issues that matter most to people 50 plus -- consumer and investment fraud is one that rose to the top.
Joining me to address those issues are Tracy Culberson from the Consumer Protection Division of the NH Department of Justice and Jeff Spill from NH State Bureau of Securities.
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Return to index of stories... 		There's a story we're going to share with you now - that demonstrates how vulnerable people can be to scams. Several years ago, Al and Susan McIlvene of Kittery Point, Maine loaned a substantial amount of money to FRM and its mortgage servicing arm - CL&M of Meredith, NH. As it turns out, both firms were operating a multi-million dollar Ponzi scheme, the largest of its kind in NH. I met with the couple at their home to hear what steps they took before lending the money and what advice they now have for other investors.
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Return to index of stories... 		outcue: "that everything is ok."
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Return to index of stories... 		We'll return to the discussion in a moment. First, we take a minute to share some important numbers about consumer fraud. Karen McCabe works with Tracy's department as a volunteer Consumer Affairs Specialist.
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Return to index of stories... 		Thanks to my guests, Tracy Culberson and Jeff Spill, our studio audience and thank you for joining us for Changing Aging in the Granite State. Go to our website for a schedule of upcoming programs, additional video and resources that can help you learn to protect yourself from consumer and investment fraud.
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