The Long View

Kathy Stokes: Why Investment Fraud Is Growing by Leaps and Bounds

Sep 3, 2024
Guest
Kathy Stokes
Kathy Stokes, director of Fraud Prevention Programs at AARP, focuses on financial fraud education for older adults. She discusses the alarming rise of investment fraud, revealing $10 billion in reported losses in 2023 alone. Emotional manipulation and sophisticated scams are on the rise, targeting vulnerable populations. Kathy emphasizes the need for skepticism and the use of resources like BrokerCheck to verify advisors. Trusted contacts and proactive measures are essential in safeguarding against deception, along with stronger law enforcement coordination to combat these issues.
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Episode notes
1
Intro
00:00 • 4min
2
The Rising Tide of Investment Fraud
04:28 • 19min
3
Understanding Bank Impersonation and Investment Fraud Schemes
23:32 • 4min
4
Navigating Investment Fraud: Trusting Your Instincts Against Deception
27:30 • 3min
5
Protecting Against Investment Fraud: The Importance of Trusted Contacts
30:46 • 3min
6
Addressing the Surge of Investment Fraud: Protecting Vulnerable Adults
33:57 • 3min
7
Resources and Steps to Combat Investment Fraud
37:13 • 4min
8
Understanding Investment Fraud
40:50 • 5min