Fraudsters Exploit Faith and Trust to Steal $580 Million
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As an investor, you may be tempted by a seller's pitch to put your money into the next "hot" investment deal—especially if you hear your friends, family or fellow worshippers are buying it. Called "social consensus," fraudsters use this tactic to convince people it's safe to hand over their money. One of the worst cases was Greater Ministries International, a Florida-based Ponzi scheme. Learn how these fraudsters used religion to swindle innocent people out of their money.