In honor of Older Americans Month in May, Florida Chief Financial Officer Jeff Atwater is launching Operation S.A.F.E., a new initiative to “Stop Adult Financial Exploitation” and turn the tables on fraud artists who target Florida’s seniors. CFO Atwater is seeking to combat statistics that estimate at least one in five seniors has been a victim of financial fraud.
Initial workshops will be held this month in Cape Coral, Venice, Delray Beach, Clearwater, the Villages and Miami, with other locations to be scheduled throughout the year. “Our seniors contribute greatly to Florida’s economy and as a result many have built a nest egg that makes them targets for fraud,” CFO Atwater said. “It is my mission to ensure that they can better enjoy their retirement knowing they are armed with information to safeguard their finances.”
The workshops, titled Be Scam Smart, are part of CFO Atwater’s On Guard for Seniors initiative that he launched last year to educate seniors on specific financial products such as annuities, identity theft, reverse mortgages and long-term care insurance. Operation S.A.F.E. will focus on frauds and scams, such as fake lotteries and repair scams, and how these scams work on the psyche to convince seniors to take a chance on something that is too good to be true.
The Operation S.A.F.E. workshops are being provided by the Department of Financial Services, which CFO Atwater oversees, and will be presented by representatives from the Department’s Division of Consumer Services, Division of Agent and Agency Services and Division of Insurance Fraud; U.S. Senator Marco Rubio’s office; the Palm Beach County Sheriff’s Office; the Lee County Sheriff’s Office; the Miami-Dade Police Department; the Sarasota County Sheriff’s Office; and the Pinellas County Sheriff’s Office.
CFO Jeff Atwater Launches Operation S.A.F.E. to Stop Adult Financial Exploitation