Silobreaker: Affinity Fraud: No Safety In Numbers

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Saturday, November 21, 2009 7:38 PM

Published 11/06/2009 by Investopedia

Affinity Fraud: No Safety In Numbers

Many people have heard about how Bernie Madoff scammed many wealthy people out of billions of dollars. Madoff pulled off something that is often referred to as a Ponzi scheme, which is a type of affinity fraud. Affinity fraud occurs when investment scams are targeted at specific groups of...

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First Reported 11/03/2009 - Updated 11/04/2009 - 53 Documents

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Blogs

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Audio/Video

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Consumer concerns over cyber fraud [Reuters Video: Technology - 11/10/2009]
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Affinity Fraud: No Safety In Numbers