In the Forex market Beware of Affinity Fraud
We were taught at our very young ages to look left and right before crossing the street; pay attention to the brightly colored cross walker that guided us, and the bus lights accompanied by the electrically pulled-out stop sign with the intent of restraining us from crossing the street. Now, in our older years concerns about money and internet scams, prompt us to keep an eye on the predators that prey upon us, like the bully at school after our lunch money.
Some of the lions in the grass eyeing us as meat are Affinity frauds. The identifiable and very specific groups in the money markets such as factions of religion, ethnicity, and demographics are the prey of affinity frauds. In the Forex market it is a new kind of fraud that is being heavily watched. In the field of predators some brokers play, offering alleged investment opportunities to specific areas claiming affinity (similarity, likeness) towards them. This is to create a feeling of comfort so to better reel them in like fish to a 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.
Ways to avoid Affinity Frauds
1) The most important and first thing that should be done is to call and ask your state or provincial security agencies about the sales person, firm or company before investing ANYTHING. This simple maneuver can save most people a lot of money. See if the investment is allowed to be sold after asking if investor or company is registered. These investors do not care in any way for you and have a way with words so if they are not completely back away. DO your research.
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) Ask for professional advice, from an attorney, accountant, financial planner; be it through a friend or you pay them, you are much better off.
4) Pay attention to dates of testimonials, names, and the testimonials, earlier folks the investor had that were legitimate could be incredibly enthusiastic, however later arrivals may not be so pleased. Also check for repetitive names, and odd names. Be AWARE! - 23208
Some of the lions in the grass eyeing us as meat are Affinity frauds. The identifiable and very specific groups in the money markets such as factions of religion, ethnicity, and demographics are the prey of affinity frauds. In the Forex market it is a new kind of fraud that is being heavily watched. In the field of predators some brokers play, offering alleged investment opportunities to specific areas claiming affinity (similarity, likeness) towards them. This is to create a feeling of comfort so to better reel them in like fish to a 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.
Ways to avoid Affinity Frauds
1) The most important and first thing that should be done is to call and ask your state or provincial security agencies about the sales person, firm or company before investing ANYTHING. This simple maneuver can save most people a lot of money. See if the investment is allowed to be sold after asking if investor or company is registered. These investors do not care in any way for you and have a way with words so if they are not completely back away. DO your research.
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) Ask for professional advice, from an attorney, accountant, financial planner; be it through a friend or you pay them, you are much better off.
4) Pay attention to dates of testimonials, names, and the testimonials, earlier folks the investor had that were legitimate could be incredibly enthusiastic, however later arrivals may not be so pleased. Also check for repetitive names, and odd names. Be AWARE! - 23208
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posted by X - Men @ 6:34 AM
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