Chief Financial Officer Alex Sink will be in Palm Beach County on Friday to promote her proposed legislation stiffening penalties for crooks who scam senior citizens.
It’s the third year in a row Sink, a Democrat who is running for governor, has backed legislation to crack down on investor fraud schemes targeting the elderly.

The Senate passed her bill last year but it never got heard in a House committee.
Sink’s office has had 800 complaints from seniors this year.

Rep. Maria Sachs, a Delray Beach Democrat, is sponsoring Sink’s bill this year.

Sink’s proposal would increase penalties for “churning” – turning an existing life insurance policy or annuity from one company to another – annuities to senior citizens and for other annuity or insurance-related schemes.

Friday’s event will be held at 10 a.m. at The Church of Bethesda in Palm Beach.

Those interested in attending should pre-register by calling 1-877-MY-FL-CFO (1-877-693-5236) or (850) 413-3089.

Tags: Alex Sink, annuities, insurance, insurance fraud, Maria Sachs, senior citizens

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