Seniors Against Investment Fraud (SAIF)
The following is an excerpt from the 2nd Edition of the 'Protect Yourself From Fraud' document published by the Department of Corporations for the state of California. The original document can be found by clicking here.
"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.
Educated consumers are less likely to fall victim to scams. SAIF empowers seniors by providing valuable information and resources so they can make well-informed financial decisions. The SAIF message is disseminated through seminars and presentations at senior centers and other locations where seniors gather.
This SAIF booklet is distributed at all SAIF presentations. It includes information about safeguarding your personal information, annuities, reverse mortgages, end-of-life paperwork and other important topics. This booklet also contains a detailed resource guide. SAIF has reached hundreds of thousands of California seniors, and has saved them millions of dollars."