What is affinity investment fraud

[cherry123]

There's a kind of fraud whereby Scammers move to trick the members of an investment group that has formed based on a common characteristic which be formed according to their age, ethnicity, or religion to get the members scammed. This is called affinity investment scam. The scammers will pretend to be an active member to get the trust of members and come up with an attractive investment plan hoping that all the members will invest so that they all get scammed

 

[eldavis]

These is pretty common these days in most gatherings. They pretend to be part of the group and from there they start contacting members making them feel they have a better offer.

 

[cherry123]

This is what this scammers do all the time. Thdy will pretend to be an active member to get the trust of members and come up with an attractive investment plan to scam everyone