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This July (and Year-Round!) Be on Lookout
for Investment Scams

NCL's 2007 Scam-Free Calendar: July Tips Help Consumers
Spot and Avoid Investment Traps

Release Date: July 1, 2007
Contact: 202-835-3323,
media@nclnet.org

Investing is a good way to build a nest egg for retirement, but it pays to do your homework so you can make wise decisions and avoid losing your money to fraud. July’s tips in the National Consumers League’s “2007 Scam-Free Calendar” help consumers learn how to find information about investment opportunities and the companies offering them, and who to contact if they have questions or complaints.

“Since many people have their retirement funds in investments, it’s more important than ever to check things out carefully and steer clear of false promises of huge returns with little or no risk,” said Susan Grant, Director of NCL’s Fraud Center.

The nation’s oldest consumer advocacy organization, NCL works to educate people about how to avoid rip-offs and make wise decisions in today’s marketplace. Each month, the home page of NCL’s www.fraud.org Web site features the calendar and tips for the month. Covering a range of subjects from traveling sales crews to car sales and repair rip-offs, the tips are sponsored by major companies, government agencies, and organizations. AARP and the Investor Protection Trust sponsored the July tips as part of their Campaign for Wise and Safe Investing™.

All of the calendar tips are archived at www.fraud.org/calendar, along with a “Resources for Consumers” page that provides contact information for government agencies, consumer groups, and calendar sponsors. The print version of the calendar was distributed to consumers free of charge through agencies and organizations around the country.

There are no printed copies of the calendar remaining.

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About the National Consumers League
The National Consumers League, founded in 1899, is America's pioneer consumer organization. Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad. For more information, visit www.nclnet.org.

 
 

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