FORT WAYNE, Ind. (WFFT)- 30 percent of investment fraud victims are over the age of 60, and the problem is on the rise.
"It's been prevalent for a while but Americans lose $40 billion a year to investment scams and seniors are a great deal of those victims."
To help raise awareness Indiana Secretary of State Connie Lawson is hosting bingo games around the state to give seniors tips about how to avoid becoming a victim and what types of threats to look out for.
"We made an interactive, educational bingo game called MoneyWise bingo. We'll be giving them tips on things they might see or things they could do to prevent themselves from being a victim," said Lawson.
Seniors are vulnerable because they are trusting, polite, lonely and some are interested in finding good deals. but Secretary Lawson says there are signs to look out for.
"If someone comes to you unsolicited, if you haven't asked for the information if you haven't asked for the phone call or knock on the door or email you should recognize that's its likely a scam," said Lawson.
How do you protect yourself?
"Call our office, make sure the person they are working with is licensed and the product the person is selling is registered," said Lawson.