4th Annual Senior Fraud Summit

The presentation will be facilitated by the Montana State Auditor's Office. According to the CSI, fraud has been rising over the last five years. Reported complaints and financial losses have gone from $3.5 billion in 2019, to $12 billion in 2023. "People over 60 are the biggest targets and have been hit the hardest," according to Andew Cziok, legal counsel with Commissioner of Securities and Insurance. "For example, in 2023 citizens over the age of 50 filed 65,924 complaints with a total loss of $1.7 billion for that age group. One in 44 cases of elder exploitation get reported. This is largely due to embarrassment and fear," Cziok said.

The Commissioner of Securities and Insurance (CSI) will educate the community about new financial and identity scams, explain how to identify threats and offer steps to take to prevent exploitation. They will also discuss what to do if you feel you've been a victim of fraud.

Category: Community | Local / Community