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Promissary Fraud NPR's Adam Hochberg reports states are warning about a new scam sweeping across the country. Con artists are convincing elderly people to invest in promissory notes that come with a worthless repayment guarantee from a fake insurance company. Regulators estimate investors have been taken for at least $300 million dollars.

All Things Considered

Promissary Fraud

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Promissary Fraud

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NPR's Adam Hochberg reports states are warning about a new scam sweeping across the country. Con artists are convincing elderly people to invest in promissory notes that come with a worthless repayment guarantee from a fake insurance company. Regulators estimate investors have been taken for at least $300 million dollars.