A Chicago minister allegedly stole $2 million from his own flock — why is affinity fraud so hard to spot?

Winston Batino allegedly ran a classic affinity fraud from inside a trusted congregation — a scheme among the hardest to detect precisely because it weaponizes faith and friendship.
Crowdfund Insider

Textbook Affinity Ponzi Scam: Former DOJ Attorney Comments on Novatech Fraud

Yesterday, it was reported that the Securities and Exchange Commission (SEC) had filed fraud charges against NovaTech, and its founders as well as several other executives. The SEC claims that over ...
The World

State issues affinity fraud warning

The Oregon Division of Financial Regulation (DFR) is warning Oregonians about the prevalence of affinity fraud in the U.S. Affinity fraud is a type of investment fraud and occurs when the fraudsters ...
KTVZ

State financial regulators warn Oregonians of investment affinity fraud scams

SALEM, Ore. (KTVZ) – The Oregon Division of Financial Regulation is warning Oregonians about the prevalence of affinity fraud in the U.S. Generally, affinity fraud is a type of investment fraud and ...