NCJ Number
209083
Date Published
2005
Length
0 pages
Annotation
This film tells the story of telemarketing investment fraud and the lives that are impacted by criminals of fraud.
Abstract
Telemarketing fraud costs Americans millions of dollars every year. Phony investment opportunities typically seize older Americans as the prime targets. This film, produced by the U.S. Postal Inspection Service, depicts a telemarketing investment scam targeting older citizens through mailings, enticing seniors to invest their savings and retirement monies in a fraudulent investment venture. The film displays the pressure tactics used on elderly victims to lure them into turning their life savings over to fraudulent companies not registered with the Security and Exchange Commission. Helpful tips are presented to assist individuals, especially older Americans in protecting themselves from investment scams received through the mail; some of these tips include: never give cash upfront, ask that all information on the investment be provided in writing, and check the firm or organization out through the SEC before following through.