. Con artists frequently prey on investors in closely knit religious, political, professional, ethnic or social groups, causing them to let their guard down and trust the legitimacy of an investment.
I cannot tell you the number of warrants I signed in state court on affinity fraud
cases [which are the product of online "relationships"].
refers to investment scams that prey upon members of identifiable groups such as religious or ethnic communities, the elderly or professional groups.
(67) The SEC characterizes such acts as affinity fraud
. "Affinity fraud
refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups." (68) "The SEC has investigated and taken quick action against affinity frauds
targeting a wide spectrum of groups." (69)
State securities regulators reported 59 formal enforcement actions involving affinity fraud
refers to investment schemes that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups.
This deceptive advertising should be sufficient for the international scammer to be able to make referrals and share fees with the local Florida attorney in a scheme based on affinity fraud
. In closing, these new relaxed ad rules can become un relajo or a joke.
This is especially true when it comes to guarding against affinity fraud
, which involves fraud perpetrated against members of religious or social groups, which often contain high numbers of seniors.
Despite the imprisonment of Southwick and other con men like him, much has remained the same Utah is still fertile soil for all sorts of white-collar crimes and, especially, for affinity fraud
"This case offers an example of the damage affinity fraud
can cause," Galvin is quoted as saying in the release.
causes the same economic harm as any financial fraud.
: These cons prey upon members of groups, such as religious or ethnic communities, the elderly, or professional associations.