May 28 2015

Scammers Target Military Personnel, Veterans and Their Families

By: Rich Hosford

Scammers have been targeting current members of the United States Armed Forces, veterans and their families and Burlington’s Office of Veterans Services wants to ensure those who live in town have the information they need to protect their hard-earned savings. 

 

The office put out a release stating they have an informational brochure, "Help Combat Military Financial Fraud," put out by Massachusetts Secretary of State William Galvin that has advice for military personnel and a list of resources for those who may need them. 

 

The Massachusetts Securities Division has become aware of growing threats to the financial health of veterans, military personnel and their families. The brochure was designed to help protect servicemen and women and all veterans from becoming victims of financial scams. In many cases, criminals offering scams have targeted service members and veterans in an attempt to take their hard-earned dollars.


“Veterans and service members have been lured by cash-advance loans that provide quick cash, but usually bear very high annual interest rates if they are not paid on time,” the release states. “Other scams may involve insurance, mutual funds, annuities, certificates of deposits or military affinity fraud. The goal of Massachusetts’ military protection program is to educate men and women in uniform and all veterans to make informed financial decisions.”


The Burlington Office of Veterans Services, 61 Center St., has brochures from Galvin’s office that discuss tips to protect families from losing their savings.

 

For more information call 781-270-1959.

 
Web Design by Polar Design