Started By
Message

re: John Oliver's takedown on MLM's

Posted on 11/8/16 at 6:37 pm to
Posted by Twenty 49
Shreveport
Member since Jun 2014
19159 posts
Posted on 11/8/16 at 6:37 pm to
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
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram