Billions of dollars every year are taken nationwide from our older citizens. Salazar noted that Colorado has the 3rd fastest growing aging population in the country. The purpose of the conference was to discuss what we have done, what we can do, and what we should do to combat fraud against the elderly and one of the goals of the conference was to produce a report and senior financial fraud action plan. The report also describes Colorado's senior population growth trends, includes a profile of elder victims, and describes the frequent types of financial exploitation of the elderly. Regulation of sweepstakes and prize promotions.
State regulation is necessary in order to give local law enforcement the means to take action.