Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Nevada securities official urges seniors to beware investment scams, offers complaint resources
Summary
At an April 3 Las Vegas Senior Citizens Advisory Board meeting, Edward Schrock of the Nevada Secretary of State's Office described common investment scams targeting older adults and encouraged victims to file complaints; a nonprofit asked the board to help spread scam-awareness and volunteer recruitment.
Edward Schrock Jr., chief compliance audit investigator with the Nevada Secretary of State's Office Securities Division, told the City of Las Vegas Senior Citizens Advisory Board on April 3 that investment scams and affinity fraud remain widespread threats to older adults.
Schrock described schemes he said investigators are seeing, including pump-and-dump groups on social media, Ponzi schemes, "pig butchering" romance-investment scams, advanced-fee frauds and cryptocurrency scams. "If you reply, you get put on, again, not my name, suckers list," Schrock said, warning that replies to unsolicited messages mark people for further targeting.
The presentation followed public comment from Paolo Sonataro of the Nevada Free Taxes Coalition, who said scammers are also using fake IRS communications to steal Social Security numbers and other data from seniors. "We are here to raise awareness of a critical…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
