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Message
re: John Oliver's takedown on MLM's
Posted on 11/8/16 at 6:37 pm to RabidTiger
Posted on 11/8/16 at 6:37 pm to RabidTiger
quote:
Everyone I've met that's into that shite also goes to a mega church.
It's called affinity fraud. The fraudster preys upon members of identifiable groups, such as religious or ethnic communities, language minorities, the elderly, or professional groups. The con-man is or pretends to be a member of the group, and they often pay or snooker a preacher/leader to vouch for how awesome they are.
Utah, because of how trusting Mormons are of each other, has some of the most investment fraud in the country due to this.
It works for selling shitty stocks or investments (e.g., Madoff and Jewish community) or pitching MLM programs.
Fleecing the flock
The big business of swindling people who trust you; Economist article
SEC warning of affinity fraud scams
Wikipedia list of major affinity fraud scams
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