Affinity Fraud and Marketing by English Speaking Travel Friends

Affinity Fraud - There is a natural attraction or feeling of kinship to people who also speak English, and they can scam you easily.

Speaking English does not mean a person is honest.

Many Americans traveling abroad go and live in Hotels owned by other American, on average they pay 20-50 more than needed, because the share an affinity.

Americans who live abroad are often victims. Why? Because they trust people who also speak English, somehow believing that other English speakers, or people from their home country are safer. This is because it feels easy, finally the found another person who understand them, they give trust because suddenly they felt comfortable.

Americans cheat Americans.
Germans cheat Germans.
French cheat French

Why, because they share an "affinity," with the other person.

Affinity Defined:

1. A natural attraction or feeling of kinship to a person or thing.  

2. A family relationship through marriage of a relative (e.g. sister-in-law), as opposed to consanguinity. (e.g. sister).

3.A kinsman or kinswoman of such relationship. Affinity kinsman or kinswoman.

Affinity Fraud Defined:

Affinity fraud includes investment frauds that prey upon members of identifiable groups, such as religious or ethnic communities, language minorities, the elderly, or professional groups. The fraudsters who promote affinity scams frequently are – or pretend to be – members of the group. They often enlist respected community or religious leaders from within the group to spread the word about the scheme, by convincing those people that a fraudulent investment is legitimate and worthwhile. Many times, those leaders become unwitting victims of the fraudster's ruse.

These scams exploit the trust and friendship that exist in groups of people who have something in common. Because of the tight-knit structure of many groups, it can be difficult for regulators or law enforcement officials to detect an affinity scam. Victims often fail to notify authorities or pursue their legal remedies, and instead try to work things out within the group. This is particularly true where the fraudsters have used respected community or religious leaders to convince others to join the investment.

Many affinity scams involve "Ponzi schemes" or pyramid schemes, where new investor money is used to make payments to earlier investors to give the illusion that the investment is successful. This ploy is used to trick new investors to invest in the scheme and to lull existing investors into believing their investments are safe and secure. In reality, the fraudster almost always steals investor money for personal use. Both types of schemes depend on an unending supply of new investors; when the inevitable occurs, and the supply of investors dries up, the whole scheme collapses and investors discover that most or all of their money is gone.

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Comments 1

Phil J

Good article. I agree. I shop around and try to get the best deal and not depend on the affinity thing. There is a notable affinity good deal in Subic Bay in the Philippines. It is hotel accommodations. Same for restaurants.

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