Investment Fraud Rises During The Holidays

Investment Fraud Rises During The Holidays

Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SALT LAKE CITY (KSL News Services) -- Be careful. Criminals are on the prowl this holiday season looking to scam you with fraudulent investments because of your holiday cheer.

Utah Division of Securities Director Wayne Klein says his office sees investment fraud year-round but the fraud rate picks up during the holiday season. He says make sure the securities are registered and the salesperson is licensed before you make any investment.

Klein also says people are simply more trusting during the holidays and ask fewer questions. He says investment fraud costs Utah residents more than 100-million dollars every year.

(Copyright 2005 KSL NewsRadio. All Rights Reserved)

Most recent Utah stories

Related topics



Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

KSL Weather Forecast