In the Forex market Beware of Affinity Fraud
As children we were all taught to look both ways before crossing the street. We were also told to pay attention to the crossing guard. Money and internet scams are the concerns we have in our older years. They prompt us to not fall victim to the predators eyeing us constantly, like the bully after our lunch money at school.
Affinity frauds are the just some of the lions in the grass eyeing us like scrumptious meat. Affinity frauds pounce on the identifiable and very specific groups in the money markets, factions of religion, ethnicity and demographics. It is a new type of fraud in the Forex market that is being heavily watched. Some brokers play in the field of predators offering alleged investment opportunities to specific areas claiming affinity (similarity, likeness) towards them, to lure in a comfort feeling as in to better be able to reel them like fish to the hooked worm.
In a world of many peoples' the enormity of true connection is easily portrayed; via emailing, instant messaging and so on the quick and easy route to get things accomplished and get people connected is as effortless as watching ice cream melt in the son on a hot summer day. Individuals who are making investments with Forex brokers, or other types, need to be fully aware of this, and must carefully research the companies, regulators, and capital of their new found brokers, traders or investors.
Being legitimate with a few real customers is a typical move for these swindlers, forming the bond, working with them hand in hand, getting the testimonials, and then using that as collateral to fetch others. Being the lucky ones to be embarked on a fraud that can lead to damages they cannot live with is unfortunate for the "others". The lack of notifying the authority is all too common in this situation. Trying to fix issues within the group, and leaving them quickly shorthanded and alone is usually what happens instead.
Avoiding Affinity Frauds
1) Before investing anything call and ask your state or provincial security agencies about sales persons, firm, or company. This is the first thing you should do and is very important. This simple maneuver can save you a good chunk of money. First, find out if the investor or company is registered and then see if the investment is allowed to be sold. Back away if not completely, the investors do not care about you and have a way with words. Research for yourself.
2) From the investor obtain written information on the procedures of the investment, risks of the investments, and procedures on getting your money out!
3) Get professional advice from an attorney, accountant, or financial planner. If you pay them or get it free from a friend, you will be better off.
4) Earlier people the investor had that were legitimate could be incredibly enthusiastic, however later arrivals may not be so pleased. So pay attention to dates of testimonials. Look closely for odd names and repetitive names. Be AWARE! - 23159
Affinity frauds are the just some of the lions in the grass eyeing us like scrumptious meat. Affinity frauds pounce on the identifiable and very specific groups in the money markets, factions of religion, ethnicity and demographics. It is a new type of fraud in the Forex market that is being heavily watched. Some brokers play in the field of predators offering alleged investment opportunities to specific areas claiming affinity (similarity, likeness) towards them, to lure in a comfort feeling as in to better be able to reel them like fish to the hooked worm.
In a world of many peoples' the enormity of true connection is easily portrayed; via emailing, instant messaging and so on the quick and easy route to get things accomplished and get people connected is as effortless as watching ice cream melt in the son on a hot summer day. Individuals who are making investments with Forex brokers, or other types, need to be fully aware of this, and must carefully research the companies, regulators, and capital of their new found brokers, traders or investors.
Being legitimate with a few real customers is a typical move for these swindlers, forming the bond, working with them hand in hand, getting the testimonials, and then using that as collateral to fetch others. Being the lucky ones to be embarked on a fraud that can lead to damages they cannot live with is unfortunate for the "others". The lack of notifying the authority is all too common in this situation. Trying to fix issues within the group, and leaving them quickly shorthanded and alone is usually what happens instead.
Avoiding Affinity Frauds
1) Before investing anything call and ask your state or provincial security agencies about sales persons, firm, or company. This is the first thing you should do and is very important. This simple maneuver can save you a good chunk of money. First, find out if the investor or company is registered and then see if the investment is allowed to be sold. Back away if not completely, the investors do not care about you and have a way with words. Research for yourself.
2) From the investor obtain written information on the procedures of the investment, risks of the investments, and procedures on getting your money out!
3) Get professional advice from an attorney, accountant, or financial planner. If you pay them or get it free from a friend, you will be better off.
4) Earlier people the investor had that were legitimate could be incredibly enthusiastic, however later arrivals may not be so pleased. So pay attention to dates of testimonials. Look closely for odd names and repetitive names. Be AWARE! - 23159
posted by X - Men @ 1:17 AM
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