Affinity Fraud Most Prevalent in the U.S. The problem is global but best-documented in the U.S. A study of Ponzi schemes by Marquet International Inc. in 2011 studied 329 major U.S. investment ...

Anyone who believes they may have been a victim of fraud can contact DFR’s consumer advocates at 1-888-877-4894 (toll-free) or [email protected].

“Affinity fraud is when someone you know — for example, a church member, a coworker or a friend — takes advantage of you in an investment fraud scheme,” McTighe said in a video in 2011.

The report, conducted by the investment fraud law firm, Carlson Law in Miami, found Floridians lost more than $311 million to investment schemes in 2023, the third highest total in the country.

Prosecutors Pursue Affinity-Fraud Cases in Which Scammers Target Their Own U.S. attorney in Brooklyn makes a push to protect close-knit ethnic and religious communities By ...

Affinity was recently recognized on the Forbes list of America’s Best Credit Unions for both New Jersey and New York. “Partnering with Point Predictive marks a major advancement in our efforts ...

In today's Scams with Steve, we're talking about how to spot "affinity fraud.” “My motto is, 'Trust me, you can't trust anyone,' but we trust people who are like us,” said Steve Weisman ...

While the SEC’s latest affinity-fraud case stands out for the size of the alleged Ponzi-like scheme and number of investors, the agency has pursued about a dozen similar enforcement actions over ...

That was an example of affinity fraud People have been scammed by fellow congregants or members of the same ethnic group who they thought they could trust. Here's how to protect yourself.