Affinity Fraud

December 4, 2018

Identifying Affinity Fraud- Part 2

How do you protect yourself from Affinity Fraud? The best way to protect yourself from any kind of financial scam or fraud is to become an informed investor. Basically the more we know, the better we are able to identify fraudulent activity and avoid being a victim. We are also better positioned to help others make more informed decisions.   Here are some tips that we really want you to tell everyone: Ask questions and get the facts about any […]
December 3, 2018

Fraud is Fraud! – Affinity Fraud: Part 1

Fraud is fraud! No matter how you categorise it, or how it is packaged, you have a responsibility to recognise it before you are duped out of your hard-earned money. There are different types of fraud and financial fraud is a serious issue. In this article we discuss Affinity fraud. Affinity Fraud Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, retiree groups or professional groups. These fraudsters […]
October 10, 2016

Don’t become the next victim of Affinity Fraud

Fraudsters come in all shapes and sizes, but there are a few con artists who integrate themselves into your community, or religious, professional or social group, like ‘a thief in the night’, and influence your leaders, and by extension your peers, to invest in a fake investment. At the time you do not realise that the “investment” is actually a scam, and you subsequently become unwitting victims of the fraud.  These fraudsters exploit the trust and friendship that exist in […]
June 23, 2016

Investment decisions to help you avoid scams

It does not matter if you’re a seasoned investor or just starting out, anyone can fall victim to scam artists and fraudsters. Here are some guidelines to help you make more informed decisions and avoid scams.  Ensure your investment in securities is secure. Securities offered to the public must be registered with the Trinidad and Tobago Securities and Exchange Commission (TTSEC).  Registration is important because it provides investors access to key information about the company’s management, products, services, and finances. […]