Frauds Targeting Latino Americans encompass a range of deceptive schemes that exploit cultural and linguistic vulnerabilities within this demographic. These scams often include fake immigration services promising expedited visas or green cards, fraudulent investment opportunities promising high returns in Latin American markets or businesses, and deceptive schemes involving money transfers or remittances. Additionally, affinity frauds target Latino communities by exploiting trust within tight-knit social networks, where perpetrators pose as members of the community or religious leaders to gain credibility. Phishing scams and identity theft schemes also target Spanish-speaking individuals through emails or phone calls impersonating legitimate organizations. The prevalence of these frauds underscores the importance of community education, access to reliable information in Spanish, and collaboration with law enforcement to protect Latino Americans from financial exploitation and identity fraud.


File ID: SEC-PR-2024-35 Date: March 12, 2024 Accessed: July 3, 2024 Headline:  SEC Charges 17 Individuals in $300 Million Crypto Asset Ponzi Scheme Targeting the Latino Community Source: Categories: AFFINITY FRAUD FRAUDS TARGETING LATINO AMERICANS CRYPTO INVESTMENT FRAUD FOREX INVESTMENT FRAUD PONZI SCHEMES SEC-PR-2024-35 – Viewer: ▼▼▼ (Download PDF File )