The two-hour meeting, billed as a "Dialogue for Investors," was held in the East Hall of the Sundial Recreation Center, 14801 N. 103rd Ave.

The commission session was the first of its kind in Sun City, said Heather Murphy, an agency spokeswoman.

Commissioner Marc Spitzersaid investment fraud is especially troubling in retirement communities, where investment wolves may go prowling for cash while dressed in sheep's clothing.

Once senior citizens fork out their savings for investment schemes that go nowhere, it's often too late to get the money back, Spitzer said.

Commissioner Bill Mundellsaid "affinity fraud" is one kind of troubling scam.

Con artists target members of their own race, nationality or religious affiliation and exploit their status as members of the group to solicit investments.

"Usually, when you give up your hard-earned money, you're never going to see it again," Mundell said. "It goes for Cadillacs and Rolexes and yachts. So I want to remind you to be careful, even if it's somebody you trust."

Bud and Carolyn Copeland, Sun City residents on hand for the meeting, said they want to make well-informed investment decisions.

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