The Los Angeles County District Attorney’s Office is warning the public about scams offering free lunches for seniors who attend seminars on investments.
In the free lunch investment seminar scams, perpetrators offer meals at financial presentations and often pressure attendees into risky ventures. A sense of urgency, a requirement of large up-front cash payments and promises of high returns are warning signs that an investment seminar may be a scam.
People who accept a free lunch or other complimentary services are under no obligation to invest money or buy a product or service. The district attorney’s office warns people to research a company promoting investments before attending a seminar. Never provide personal information such as a Social Security number, account number or personal identification number. People should consult with a financial advisor or trusted family member or friend before committing to an investment. For information, visit da.lacounty.gov.
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