Iowa Fraud Fighters November Presentation

Welcome to theIowa Fraud Fighters Forum

November 21, 2013

Video Presentation

Nick Gerhart• Insurance Commissioner• Iowa Insurance Division• Website: www.IID.State.IA.US • Website: www.IowaFraudFighters.gov• Phone: 515-281-5705 or 877-955-1212

http://www.IID.State.IA.US/

http://www.iowafraudfighters.gov/

Nick Gerhart

• Format for the Forum• Funding Source for the Forums and Public Education

Campaign

“Because that’s where the money is!” —Willie Sutton, on why he robbed banks

Why do scammers target the older population segments? Same reason.

Nick Gerhart

• Current Scams– 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

Nick Gerhart

Check with the Iowa Insurance Division to see if:

• The salesperson is licensed• The product is registered• There are known problems with

the product or the salesperson

Kris Gross

• Director• Senior Health Insurance Information Program (SHIIP)• Website: www.TheRightCallIowa.gov• Phone: 800-351-4664 or

800-735-2942 (TTY)• Email: [email protected]

http://www.TheRightCallIowa.gov/

mailto:[email protected]

Chantelle Smith

• Assistant Attorney General • Iowa Attorney General’s Office• Website: www.IowaAttorneyGeneral.gov• Phone: 515-281-5926 or 888-777-4590 • Assistant Attorney General Chantelle Smith

http://www.IowaAttorneyGeneral.gov/

Deanna Clingan-Fischer

• Iowa's State Long-Term Care Ombudsman• Iowa Department on Aging• Website: www.IowaAging.gov• Phone: 800-532-3213

http://www.IowaAging.gov/

Questions & Answers

Thank You for Attending.

Informational Tables AreOpen Until 2 p.m.