Beware of Viatical Fraud

Beware of viatical fraud. Most of the viatical fraud is on the investment side, if you are asked to invet in viaticals, we recommend you do not. The viatical industry is backed by large financial institutions and you should beware of small investment companies asking for your money to invest.

JACKSON (AP) - Secretary of State Eric Clark has released a list of the top 10 investment scams developed from a survey of state securities regulators conducted in 2005 by the North American Securities Administrators Association.

- Senior investment fraud: Because of their access to a lifetime of savings, older Americans continue to face investment fraud by con artists peddling unsecured promissory notes, viatical settlements and other investments that are either fraudulent or unsuitable for them based on their particular financial needs.