What the hell is AFFINITY FRAUD? We don't have enough to worry about....there's more?
Remember Bernie Madoff, King of the Ponzi Scheme, in the slammer for scamming many wealthy people out of billions of dollars? Well, he perpetrted a type of Affinity Fraud. Affinity Fraud occurs when investment scams are targeted at specific groups of people. Targeted groups usually include the elderly, the religious or professionals. Unfortunately, the very people who do the scamming can sometimes be the ones that people trust the most. One way to protect yourself is to understand what affinity fraud is and how to avoid it.
We urge you to read the following article and learn more: