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"SENIORS AGAINST INVESTMENT FRAUD" PROGRAM

WHAT Outreach campaign to alert, educate and empower seniors about investment and telemarketing fraud crimes and teaches how seniors can avoid being victimized by scam artists.
WHYThe "Seniors Against Investment Fraud" (SAIF) Program has reached hundreds of thousands of California seniors, and has saved them millions of dollars.
WHERECalifornia.
The California Department of Corporations.


Program Description


"The California Department of Corporations' Seniors Against Investment Fraud (SAIF) program was established in July 2001. SAIF alerts and educates Californians over the age of 50 about financial and investment fraud, scams, and unscrupulous sales practices that specifically target seniors."

-The SAIF Booklet, Protect Yourself From Fraud

The Seniors Against Investment Fraud Program works with local agencies, senior advocacy and consumer groups, and senior volunteers to educate and empower seniors and protect against elder financial abuse. The program educates people on investment scams, telemarketing fraud crimes and other senior scams.

Senior volunteers are trained to become trainers and ambassadors to educate other seniors on different types of financial scams.

The program has published a free and helpful guide called:
The SAIF Booklet, Protect Yourself From Fraud, which covers investments scams and more.

Topics include:

  • Common Investment Scams - Insurance Scams, Credit Card Scams, 'Free Meals, Living Trusts, and Other Seminars, Ponzi and Pyramid Schemes, Annuity Purchases.
  • Telephone Scams - Wrong Number Scams, Jury Duty Scams, Charity Scams.
  • Other Common Scams - Foreign Letter Fraud, Home Repair Fraud, Medicare Fraud, Mortgage, Reverse Mortgage and Foreclosure Fraud, Phishing, Sweepstakes and Lottery Winners, Sweetheart Scams.
  • Safeguarding Your Personal Info - Identity Theft, Credit Card Theft, Investor Self-Defense How to Protect Your Credit.          
  • How to File a Complaint with The California Department of Corporations.
  • Financial Difficulties -Bankruptcy.
  • Preparing End-of-Life Paperwork -Advance Health Care Directives, Durable Power of Attorney for Finances, Wills and Trusts, Cemeteries and Funerals.
  • Elder Abuse and Financial Elder Abus.e
  • Resource Guide.
  • Check Before You Invest Form.
    source:corp.ca.gov

Find out more about the "Seniors Against Investment Fraud" Program

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