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Seniors need to be wary of investment ‘plans’

Because many seniors find themselves planning for retirement and managing their savings once they finish working, a number of investment schemes have targeted them as they look to safeguard their cash for their later years. From pyramid schemes like Bernie Madoff’s to fables of a Nigerian prince looking for a partner to claim inheritance money and complex financial products that many economists don’t even understand, investment schemes have long been a successful way to take advantage of older people.

Correction

Corrections

Folda to join council

Resident Tracy Folda was appointed to complete the City Council term vacated by Kiernan McManus when he was elected mayor in June.

Historic preservation position eliminated

Boulder City is not getting a full-time historic preservation officer as City Council approved eliminating the position in a divided vote at its meeting Tuesday, July 9.

News Briefs, July 11

Court stays district’s order to eliminate school deans

Get help if you feel victimized by scammer

Buying a timeshare can be a rip-off. But imagine getting ripped off twice or three times by crooks promising to help you resell your timeshare. The crooks typically ask for money upfront for advertising, title searches and other administrative fees. You may even be told you’ll get your money back if your timeshare isn’t sold in 90 days. According to investment advisers that’s a big, fat lie. You won’t get anything back except a lighter wallet.

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