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Commissioner Rothman teams up with AARP to talk about elder fraud, financial abuse prevention


Mon, Apr 22nd, 2013
Posted in All State of Minnesota

Statewide Tele-town hall focused on the fight against senior fraud



SAINT PAUL, MN – Within this decade, there will be more Minnesotans over the age of 65 than children enrolled in our public schools. Senior citizens across the country hold the majority of the nation’s wealth and scam artists know it. As part of Financial Literacy Month, The Department of Commerce and AARP held a tele-town hall this morning for Minnesota’s seniors about the importance of protecting themselves from financial fraud. AARP reached out to roughly 20,000 members and asked them to stay on the line to learn how to spot fraud, protect themselves from financial scams, and learn who to turn to if they or a loved one have been victimized.



Due to age-related factors, illnesses, and cognitive impairment, many older adults are particularly vulnerable to investment fraud and financial exploitation. Senior citizens control nearly 70 percent of the nation’s wealth – and crooks know it, often making seniors a prime target for fraud. In fact, older consumers lose $2.5 billion every year to financial abuse – a startling statistic that Commissioner Rothman is working to change.



“The best line of defense against fraud is prevention, education, and reporting it,” said Commerce Commissioner Mike Rothman. “Whether you are being solicited over the phone, by mail, email, or at your door, we are here to help seniors protect themselves and stop fraud and abuse.”



Protect Yourself



Commissioner Rothman stressed the importance of awareness and the steps that Minnesota seniors can take to protect themselves, to be aware of the potential for elder financial abuse and to take the following steps to protect themselves from scams:

End the Call – There is no such thing as being rude when protecting yourself and your investments from scammers. If a solicitor makes you uncomfortable or is confusing, just hang up. Trust your instincts.

Phone a Friend - When Commissioner Rothman’s grandmother is called by a solicitor over the phone, the first thing she does is call Commissioner Rothman. You should identify a trusted friend or family member you can call for questions and advice.

Report the Fraud – The Minnesota Department of Commerce is here to help. Report the fraud so others don’t fall victim to the same scam.
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Commission on Judicial Selection Recommends Third Judicial District Candidates to Governor Dayton

Thu, Apr 18th, 2013
Posted in All State of Minnesota

ST. PAUL, MN – The Commission on Judicial Selection announced today it is recommending three candidates to Governor Mark Dayton for consideration to fill the vacancy in Minnesota’s Third Judicial District. This vacancy was created upon the retire ..... 
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Illegal to text, email, surf web while driving

Thu, Apr 18th, 2013
Posted in All State of Minnesota

ST. PAUL, MN - A ticket for texting and driving will make you feel :-( and chances of getting stopped for thumbs on the phone will increase as Minnesota law enforcement agencies conduct a one-day distracted driving education and enforcement effort A ..... 
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Minnesota Would Receive Over $6.8 Million Under Obama Administration Budget Proposal to Help Homeowners Reduce their Energy Bills

Wed, Apr 17th, 2013
Posted in All State of Minnesota

WASHINGTON -- President Obama’s Budget Request for Fiscal Year 2014 includes an increase for low-income home weatherization services, including $6.8 million to help needy families in the state of Minnesota. The proposal represents a continued comm ..... 
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Prom warning: Spring months the worst for unbelted teen deaths

Fri, Apr 12th, 2013
Posted in All State of Minnesota

ST. PAUL, Minn. - With April, May and June combining for the highest percentage of unbelted teen deaths during the past three years, the Minnesota Department of Public Safety (DPS) Office of Traffic Safety is urging parents to reinforce safe driving ..... 
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Deadliest weekend of 2013: eight killed on Minnesota roads

Fri, Apr 12th, 2013
Posted in All State of Minnesota

ST. PAUL, MN - At least eight people were killed on Minnesota roads this past weekend, (April 6–early Monday morning, April 8), making it the deadliest weekend of the year, according to the Minnesota Department of Public Safety (DPS). The eigh ..... 
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Road construction update

Wed, Apr 10th, 2013
Posted in All State of Minnesota

As Minnesotans, we know what follows melting snow and warmer temperatures: construction season. The Minnesota Department of Transportation recently released their 2013 construction project program that outlines 300 projects set to begin across Minnes ..... 
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National Agricultural Statistics Service, Minnesota Field Office resumes weekly crop and weather reports

Tue, Apr 9th, 2013
Posted in All State of Minnesota

ST. PAUL, Minn. – Beginning today, Minnesota farmers can turn to a vital source for information on their crops and weather by referring to the weekly crop and weather report from the Minnesota Field Office of the United States Department of Agricu ..... 
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Westbound I-90 lane closure at Dresbach Bridge in Wisconsin begins April 11

Tue, Apr 9th, 2013
Posted in All State of Minnesota

ROCHESTER, Minn. – Motorists on westbound Interstate 90 will experience lane closures on the Wisconsin side of the Dresbach Bridge, beginning Thursday, April 11, as construction activities continue for the I-90 bridge project.  The Mississippi ..... 
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