From what we have seen, it is clear that the main emphasis of affinity fraud is for the fraudster to find the group leader and exploit the leader's hold over the group to move the fraud forward.
It goes without saying that once the fraudster has his "hooks" into the community via the leader, the fraud can begin. In many instances, these frauds are the usual run-of-the mill pyramid schemes or Ponzi schemes. The only real difference is that their is an added "element" to the fraud; the fraud is perpetuated through a third party (the community leader, whether willingly or unwittingly). But, this element adds some surprises to this entire scheme.
This thread is based on an article in the March/April 2013 edition of Fraud magazine by Franklin Perry and Richard Brody.
It goes without saying that once the fraudster has his "hooks" into the community via the leader, the fraud can begin. In many instances, these frauds are the usual run-of-the mill pyramid schemes or Ponzi schemes. The only real difference is that their is an added "element" to the fraud; the fraud is perpetuated through a third party (the community leader, whether willingly or unwittingly). But, this element adds some surprises to this entire scheme.
This thread is based on an article in the March/April 2013 edition of Fraud magazine by Franklin Perry and Richard Brody.
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