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SOS: Save our Seniors

September 30th, 2008 by flanews

The states Chief Financial Officer is taking steps to protect seniors against financial fraud. Tuesday in Tallahassee, CFO Alex Sink unveiled the Safeguard our Seniors or SOS Task Force. Sink said the recent Wall Street woes have motivated some people to prey on seniors who rely on stocks and bonds are part of their income. Sink said the task force will look for larger penalties for people who rip off seniors.

The taskforce will be making recommendations regarding better legislation and enforcement activities to go after these people, Sink said.

The task force will hold its first meeting in early October.

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