Affinity fraud, for those who aren’t in the know, is a form of investment fraud that focuses on particular groups of people. This is most common with elderly and religious factions alike, seeing as how there is ample trust amongst them. A fraudster can pretend to be a member of one of these groups, suggesting that they invest in certain deals. When people do this, they become victims, thereby compromising their financial situations they have worked hard to build.
There’s more than the financial side of life that affinity fraud has an impact on. Keep in mind that emotional stability can be hindered, due to the aforementioned concept of trust. When someone comes into one of the group, and disrupts what was previously a period of harmony, it’s easy to see that problems can arise. With that said, if you’re curious to know how to avoid becoming a victim of this type of fraud, please consider the following points from Whistleblowers Against Fraud
Research is just one of the ways to reduce one’s risk of falling into affinity fraud. According to companies like Whistleblowers Against Fraud, it’s important to know everything about a proposed product before investing money into it. You may also want to consider giving any documentation you’re presented with to the proper authorities. Instead of deleting any junk mail, consider its eventual importance so that you can save it for documentation purposes later.
Like with any subject related to fraud, affinity fraud is nothing short of serious. However, in order to combat this, it would be in one’s best interest to receive expert assistance, which is where Whistleblowers Against Fraud and the like could come into effect. The advice that they can offer is nothing short of tremendous, though their efforts in general should not go overlooked. Affinity fraud is serious, but it can be avoided.
Affinity Fraud & Details From Whistleblowers Against Fraud
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