Affinity Fraud – Scams that Target Relationships

Financial fraud can take many forms including Boiler Room scams, Pump and Dump Schemes, Ponzi and Pyramid schemes.  Affinity Fraud ranks among the most predominant in operation globally.

U.S. Securities and Exchange Commission defines Affinity Fraud as ‘investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups. The fraudsters who promote affinity scams frequently are – or pretend to be – members of the group.


Read more here—>Affinity Fraud – Scams that Target Relationships


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