This PPT talks about a popular type of fraudulent scheme that’s doing the rounds - affinity fraud. As presented by the Money 2.0 Conference, this scheme is a hot favorite of scammers, spammers, and fraudsters when it comes to attacking the vulnerable population. Go through the slides for more details.

1. Investment Alert:
Affinity Fraud Explained By Money 2.0 Conference

2. Table of
Contents
● Affinity Fraud: the definition
● The Main Targets of the
Affinity Scam
● How to prevent Affinity
Fraud?

3. Affinity Fraud: the Definition

4. ● Members of recognizable groups, such as the elderly, and religious or ethnic groupings, are
targeted in affinity frauds. Affinity scammers are frequently members of the group — or pretend to
be members.
● They may seek the help of respected group members to publicize the program and persuade them
that it is genuine and desirable.
● Affinity scams frequently feature "Ponzi" or pyramid schemes, in which fresh investor funds are
utilized to pay out previous investors, giving the impression that the investment is successful and
legal.
● These scammers take advantage of people's mutual trust and friendliness. Outsiders may be
unaware of the affinity scam because of the intimate nature of many groups.
● Rather than notifying authorities or seeking legal remedies, victims may try to settle things out
among themselves.

5. The Main Targets of the Affinity Scam

6. Elderly People
Ethnic Communities
Religious Groups
Uneducated Population

7. How to prevent Affinity Fraud?

8. 1. Double check everything - no matter how well you know the person who brings the
idea of investment to you.
1. If something seems too good to be true, don’t believe it. Particularly, you must not
fall for investment that promises skyrocketing profits or 100% guaranteed returns.
1. If it is not in writing, it’s just not worth it. Ensure that everything you see, hear and
invest is well-written.
1. If the person is pressuring you to buy an investment and don’t give enough time to
think about it, you must investigate the so called opportunity.
1. Be aware of the e-mail spams as scammers are now using social media as their
biggest tool to ransack innocent people out there.

9. Thank You
The presentation was prepared by
Vinayak Joshi,
Manager, Money 2.0 Conference
https://www.money2conf.com/