Some more ways to avoid affinity fraud include:
1. As always, be extremely cautious of any investment that is billed as a "once in a lifetime opportunity." Affinity fraudsters use their connections within the network to try and bypass people's "fraud detectors" by saying this "once in a lifetime opportunity" is for group members only.
2. If members of the group are told to keep the investment "confidential," this should be another red-flag.
3. If you are told to avoid seeking professional advice from a neutral third party, once again this is another sign that something may be up.
We will wrap up this discussion in the next few posts.
NOTE - information in this article is taken from an article in the March/April 2013 issue of Fraud Magazine by Frank Perri and Richard Brody.
1. As always, be extremely cautious of any investment that is billed as a "once in a lifetime opportunity." Affinity fraudsters use their connections within the network to try and bypass people's "fraud detectors" by saying this "once in a lifetime opportunity" is for group members only.
2. If members of the group are told to keep the investment "confidential," this should be another red-flag.
3. If you are told to avoid seeking professional advice from a neutral third party, once again this is another sign that something may be up.
We will wrap up this discussion in the next few posts.
NOTE - information in this article is taken from an article in the March/April 2013 issue of Fraud Magazine by Frank Perri and Richard Brody.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE. IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
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