By: Amy HerrickcloseAuthor: Amy Herrick Name: Amy Herrick
Member: Member Paladin
Quality Rating:
Email: rher86@aol.com
Site: http://paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1258
About: I have been in the financial services industry for over 23 years achieving the Chartered Financial Consultant (ChFC) and Investment Advisor Representative (IAR) designations. For the benefit of my clients, I am a licensed Life, Health, Critical Illness, Long Term Care and Disability Insurance Agent in multiple states. I believe in giving back to the community supporting ministries of the Light of The World Christian Center, Couple to Couple League, The Helping Hands of Goodwill Industries and other non-profit organizations on a local or global level Compliance Disclosure: Amy Rose Herrick, ChFC, Investment Adviser Representative is a Registered Representative of and offers Securities and Investment Advisory Services through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Adviser branch office 4536 SE 37th Street Topeka, KS 66605-9141 785-379-0586See Authors Posts (18) | October 24, 2009 | Investor Information

The Idaho Department of Insurance along with other states are publicly warning investors not to fall for a scam that uses real looking Nationwide Insurance Company bogus checks to try to take your money.

The scam involves a check for $4,500 made out to individuals supposedly from Nationwide Insurance. The scammers want you to cash the check and send them only $3,750 of it to gain your “$150,000 prize”.

Nationwide Insurance Company is no part of this scam. They are just a new name brand vehicle the scammers are using to attempt to defraud the public.

Following the instructions they include with the check could cost you thousands.

If the bank gives you credit in your checking account for $4,500 for cashing the bad check, you owe the bank that $4,500 it gave you. You have a worthless check.

If you wired or transmitted the money and the scammer is long gone, you could be out that $3,750 too.

Scammers feed on greed and clever marketing or twisting the truth to gain access to your funds. They prosper by stealing from the public and moving on to new scams.

Anytime it sounds too good to be true, you don’t remember submitting an entry for it, or it looks unusual, don’t proceed! Remember: If you have to “pay” to gain access or information to claim your “prize”, it usually doesn’t exist.

After all it is only money…YOURS!

DISCLOSURE: Amy Rose Herrick, Investment Adviser Representative, Agent and Author
4536 SE 37th Street
Topeka, KS 66605-9141
785-379-0586

Economic Consulting services available in all 50 states.

Investment and Insurance Services are available only in the jurisdictions where licensed to do business.

Current licensing as of 9/20/2009 held in some form for: Arizona, Arkansas, California, Colorado, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Missouri, Nebraska, Oklahoma, South Dakota, Texas, Virginia, Washington & Wisconsin. Additional states will be added as needed.

Amy Rose Herrick, ChFC, Investment Adviser Representative is a Registered Representative of and offers Securities and Investment Advisory Services through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Adviser branch office 4536 SE 37th Street Topeka, KS 66605-9141 785-379-0586

Neither Woodbury Financial Services, Inc. nor its registered representatives or employees provide tax or legal advice. As with all matters of a tax or legal nature, you should consult with your tax or legal counsel for advice.

Opinions expressed here are those of Amy Rose Herrick and not necessarily those of Woodbury Financial Services, Inc. or its affiliates.