Far from breaking news, but a reminder: Florida's retires need to be very cautious. Tips on how to avoid becoming a victim of investment fraud.

Florida's retires need to be very cautious.

By Amy Pavuk, Orlando Sentinel

Fraud alert - official meet to discuss. Everyone, not just seniors need to be wary of scams.
 

With its retirees sitting on their nest eggs, a transient immigrant population and plenty of wealthy Floridians, it may come as no surprise a lot of schemers target the Sunshine State.

"It does create a fertile ground for fraudsters," said Glenn Stuart Gordon, associate regional director of the U.S. Securities and Exchange Commission's Miami office.

On Wednesday, Gordon and other financial and law-enforcement authorities gathered in Orlando to discuss fraud, identity theft and other types of financial exploitation.

Financial and law-enforcement authorities gathered in Orlando to discuss fraud, identity theft and other types of financial exploitation met on Wednesday in Orland.  The Orlando Sentinel reports: Florida 'fertile ground' for fraudsters, SEC official says at summit

During Wednesday's summit, authorities warned that if something seems too good to be true, it probably is.

Fraudsters will prey on church members or groups of people with a similar backgrounds, and Gordon said unsuspecting victims will trust the fraudster because they think the person is just like them and wouldn't rip them off.

The complete article lists the SEC tips on what you can do to avoid becoming a victim of investment fraud.