The Secretary of State’s office is warning Missourians to be on the lookout for what is known as “affinity fraud.” Stacie Temple with the office says this plot to rip off unsuspecting people is hatched by those who already know their victims. They get to know people through work, social clubs, or churches and use the “friendships” to induce people to invest in scams. Temple says that while the vast majority of people who provide investment advice are trustworthy and professional, there are those who take advantage of colleagues and friends. She says senior citizens need to be especially careful with their investments.
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Secretary of State’s Securities Division