Dear Readers,

The month of July is always a very busy time for the DC Department of Insurance, Securities and Banking (DISB). The agency uses the summer months to promote its Fraud Awareness Week activities. Mayor Adrian M. Fenty declared the District’s Fraud Awareness Week from July 22 to July 28, 2007.

Financial fraud is fast becoming one of the most expensive and inconvenient crimes in society. According to some of the statistics, fraud causes people to lose time, money and confidence in a particular financial system. DISB has made several efforts to combat fraud on all fronts—through prevention by education and through enforcement and investigation.

This month’s newsletters focus on identifying and combating fraud. Find out more about mortgage fraud for profit and the work DISB is doing to prevent fraud against seniors, immigrants and working families. Further, you will be able to read about DISB’s Insure U for Small Business event, how to budget for the summer, a letter from Councilmember Mary Cheh and a whole lot more. As always, we hope our newsletters continue to provide you with useful information to protect you from unscrupulous and fraudulent practices.

Happy Reading!
Office of Communications