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Affinity fraud is a form of investment fraud in which the fraudster preys upon members of identifiable groups, such as religious or ethnic communities, language minorities, the elderly, or professional groups. The fraudsters who promote affinity scams frequently are – or successfully pretend to be – members of the group.
“Generally, investment scam offers come out of the blue without you seeking any information,” McGlynn said. “These messages or invitations come through cold calls or emails. That should ...
All investments carry some degree of risk, but there's a distinct line between a risky investment and a downright scam. Unfortunately, scams are prevalent. According to data from the Federal Trade...
A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information.
It's a dangerous time to be a real estate investor scouting out parcels of land. The United States Secret Service Cybercrime Investigations division "has observed a sharp increase in reports of ...
Chop stocks, which are stocks purchased for pennies and sold for dollars, provide both brokers and stock promoters with massive profits. Brokers are often paid "under the table" undisclosed payoffs to sell such stocks. [1] [3] Dump and dilute schemes, where companies repeatedly issue shares for no reason other than taking investors' money away ...
The U.S. Securities and Exchange Commission (SEC) has said that "these fraudulent schemes involve the purported issuance, trading, or use of so-called 'prime' bank, 'prime' European bank or 'prime' world bank financial instruments, or other 'high yield investment programs.' (HYIP's) The fraud artists ... seek to mislead investors by suggesting ...