The Kentucky Department of Financial Institutions (DFI) has joined state and local partners to present a series of Scam Jam events across Kentucky. These free, public workshops educate consumers about current scams and how to protect themselves against investment fraud, identity theft, and more. Events include lunch, vendors, and document shredding services. Registration is required.

Upcoming Events

Our 2025 circuit has concluded. If you are interested in hosting a 2026 stop, please contact tasha.stewart@ky.gov. 

Below is a summary of tips from these seminars. Select presentations are available at the bottom of this page.  

Common “Red Flags” of Financial Fraud:

• Special guarantees (in investing or sweepstakes).
• Promises of no risk with high rewards/returns.
• Offers for a “limited time” only.
• Offers for YOU only.
• Pressure by the salesperson to give an immediate response.
• Requirements for an advance payment or “cash only” accepted.
• Promises to get you the paperwork “later.”
• The company representative cannot be reached if you have a question.
• The offer sounds too good to be true.

Steps to Avoid Scams:

• Take your time.
• Do your homework before signing any contract (lending, investing, or otherwise).
• Read the fine print.
• Check out the source.
• Be skeptical of unsolicited calls and messages.
• Have a plan to get off of the phone.
• Have a “buddy” – someone to help get you out of a situation where you feel pressured.
• Don’t trust testimonials.
  

What to Do if You’re a Victim:

• Don’t be embarrassed. You are not the only victim.
• Immediately report it to the proper authorities and your financial institution.
• Let your family and friends know what happened. By talking with others you may save someone else from becoming a victim.
  

Additional Information

AARP research shows that Baby Boomers and older investors are natural targets for a wide range of unscrupulous practices, because they have the money to invest. The investment might be an outright fraud, or it might be a legitimate product that is not suited to the investor's circumstances. The investor could be subjected to aggressive marketing ploys that conceal the risk, or the pitch is for guaranteed high returns.

Before investing, investors should check with their state securities regulator to verify if the investment opportunity is registered and if the seller is licensed. In Kentucky, visit DFI's Investor Resources page or call (800) 223-2579.

Senior Scam Jam Partners

• AARP Kentucky State Office
  To learn more about AARP in Kentucky, call (866) 295-7275. To connect with AARP’s Fraud Watch Network, call (877) 908-3360 or visit https://www.aarp.org/money/scams-fraud/. 
• Kentucky Financial Empowerment Commission
  To learn more about KFEC, call (502) 564-8823 or email info@kyfec.com. 
• Kentucky Department of Insurance
  To check insurance products, file a complaint related to insurance or report insurance fraud, call (502) 564-3630, (800) 595-6053 or (800) 648-6056 TTY.
  
• Kentucky Department of Revenue
  If you think you may be a victim of tax identity theft, call (502) 564-4581 or (502) 564-3058 TTY.
  
• U.S. Postal Inspection Service
  To report mail theft or mail fraud, call (877) 876-2455 or (877) USMail5.
  
• Better Business Bureau
  To research a company or a charity or to file a complaint:
  —BBB of Louisville, Western Kentucky and Southern Indiana – call (800) 388-2222.
  —BBB of Central and Eastern Kentucky — call (800) 866-6668 or email info@ky.bbb.org.
  —BBB serving Northern Kentucky — call (800) 471-3015.
  
• Kentucky Office of the Attorney General
  To report fraud or obtain assistance with consumer complaints involving products and services, call the Office of Consumer Protection at (888) 432-9257, option 3.
  
• Kentucky Senior Medicare Patrol Program
  To report Medicare fraud, call (502) 574-6960 or (877) 603-6558.
  

The current Scam Jam events grew out of the Campaign for Wise and Safe Investing™ – a national educational and awareness campaign to protect Americans against investment fraud. The national campaign was formed by the AARP Foundation and the Investor Protection Trust (IPT). Kentucky participated in the campaign from 2007-2009. A grant from IPT and the AARP Foundation funded six free, public events called “Senior Scam Jams” that informed more than 600 citizens around Kentucky about how to protect themselves against fraud. It also funded production and distribution of the informational video, "Buyer Beware: Avoiding Financial Scams." A second series of grant-funded Senior Scam Jam events included seven city visits during 2010-2012 that informed more than 630 citizens. With financial support from AARP, DFI continues to cooperate with other agencies to present Scam Jams.