Fraud Alerts

First Bitcoin, Now It Is ICOs

By Gerald Rome, Colorado Securities Commissioner ~ By now most of us have heard about bitcoin. It is digital money, meaning it only exists on someone’s computer. You can’t hold it or put it in your wallet, but you can buy things with bitcoin, and, more importantly, trade it for dollars. We have heard about […]

Do You Know Your National Identification Number?

~ By Gerald Rome, Colorado Securities Commissioner ~ We are always being warned that we need to protect ourselves against identity theft. Identity theft is a crime where a thief steals your personal information, such as your full name or Social Security number, to commit fraud. The identity thief can use your information to fraudulently […]

There’s No Such Thing as a Free Lunch

~ By Gerald Rome, Colorado Securities Commissioner ~ Have you received an invitation or seen an ad offering you a free lunch or dinner at a nice restaurant if you attend a seminar about financial, retirement, or estate planning?  If you are like me, you have.  I get them all the time.  And it always […]

This Valentine’s Day, Don’t Get Bewitched by a Romance Scam

~ By Gerald Rome, Colorado Securities Commissioner ~ We read about them all the time, see the commercials on TV, and hear the jokes: Match, eHarmony, the list of 21st Century dating websites and matching services are ever growing. While much of the advertising surrounding these sites is targeted toward young adults, the less-talked-about users […]

Adams County Sheriff’s Office Warns of Phone Scams

Adams County, Colo. – The Adams County Sheriff’s Office would like to warn the public of scams that occur this time of the year. We have again received several reports of a jury duty phone scam, similar to the IRS scam. Scammers are calling from a spoof caller ID system to make it look like […]

2017 Top Investor Threats

~ By Gerald Rome, Colorado Securities Commissioner ~ Every year securities regulators across the country take stock of the frauds and scams that are most prevalent among our cases. This helps us do our job more effectively, but it’s a good practice for investors to read up on the biggest threats in the market as […]

Colorado Attorney General and AARP Foundation Cautions Families about Fraud this Holiday Season

AARP Foundation Survey Finds Fraud and ID Theft Concerns on the Minds of Coloradans 50+ DENVER – Dec. 6, 2017 – As families gather this holiday season, they should consider a new topic for the dinner table. Fraud and scams can affect Coloradans of all ages and backgrounds. A survey report, recently released by AARP […]

“Good as Gold” Not Always True for Investments

~ By Gerald Rome, Colorado Securities Commissioner ~ Precious metals are a long-standing investment option that are often appealing to consumers, and that can cause headaches for regulators. An investment in gold is not fool-proof. It takes a lot of time, research, and knowledge to make the most of these types of deals, and unfortunately […]

Betting on the Future with Bitcoin

~ By Gerald Rome, Colorado Securities Commissioner ~ You may have heard about bitcoins and be wondering what they are, or you may know what they are and wonder if they might make a good investment. Let me answer the second question first: Are they good investments? The simple answer is NO! Well, if you […]

Don’t Bet the House

~ By Gerald Rome, Colorado Securities Commissioner ~ With the “on fire” real estate market in Colorado, and with housing supplies low and demand high, it is easy to become caught up in the idea that real estate investments are sure bets to make you money. However, don’t just roll the dice when investing in […]

Timeshare Resale Scams – Be protected by using these tips from the Colorado Division of Real Estate

The Division of Real Estate has received multiple calls regarding what appears to be timeshare scams targeting Colorado consumers, real estate brokers, and out-of-state consumers. In the current version of the scam, timeshare owners are cold-called, mailed or emailed solicitations from an unlicensed business entity purporting to be a full service property management company, real […]

Why We Have Military Consumer Protection Month

~ By Gerald Rome, Colorado Securities Commissioner ~ July is National Military Consumer Protection Month, and for anyone who has family members in the service, or who themselves served, it’s a great time for a refresher on the scams that target veterans. Particularly for those of us who may have family members currently in the […]

This Summer Keep your Lawn and Your Banks Account Green and Healthy

~ By Gerald Rome, Colorado Securities Commissioner ~ The Colorado legislature recently passed a bill making reporting of suspected elder financial exploitation mandatory for Colorado professionals who work for financial firms. If financial professionals see “red flags” of senior fraud, they now must report it to us. Regulators, law enforcement, and human services departments regularly […]

Senior Scams

~ By Tamra K Waltemath ~ I have had clients bring in letters from companies that offer to sell them a copy of the deed for their home for $89.00. These letters look very official. Multiple businesses send these letters, including Property Transfer Services, Record Transfer Services, Conveyance Transfer Services, Record Retrieval Department, and National Deed […]

Tax advice to take to the bank

~ By Gerald Rome, Colorado Securities Commissioner ~ Oh boy, it’s that time of year again: tax season. But something is different these days. It is difficult enough to get your records together and get your return in on time. But over the last few years, we have been hit with an onslaught of tax-related […]