Every two years the Association of Certified Fraud Examiner releases a study on fraud in their Report to the Nation. The 2018 report was recently released and I found the following facts to be very interesting. Over $7 billion in total losses. This number continues to increase. A majority of the victims recovered nothing. [...]
How to Avoid Affinity Fraud Part 3 of 3 Things to keep in mind: - If it sounds too good to be true, it is. - Never allow someone’s rhetoric to overpower your common sense. - Take a few days to think about and examine any investment decision. - A “best practice” procedure is to [...]
What is Affinity Fraud? I recently stumbled upon a 3-part video on Affinity Fraud, aptly titled Affinity Fraud: Preying on Those Who Pray. Every year, billions of dollars (in the U.S. alone) are stolen from unsuspecting victims of this kind of fraud. http://www.youtube.com/watch?v=vUv4dDavC6U&list=PLDF985F76B59B68E7&index=1 Simply put, although there’s nothing simple about it, affinity fraud occurs when [...]
