Affinity fraud--wikipedia<quoted text>
The people that work in Pennsylvania, Hanover, Pennsylvania, are the ones that are to blame mostly! They think they are better than everybody, even their counterparts in North Carolina! The people in North Carolina think that they are united, but they aren't. When stuff starts hitting the fan, Snyder's will blame Lance. This isn't Snyder's first time at the rodeo! It will be fun to watch!
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 are-or pretend to be-members of the group. They often enlist respected members of the 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 use.
These friendships exploit the trust and friendship that exist in groups of people who have something in common. Because of the tight-nit 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 their money is gone.
On December 11, 2008, Bernard Madoff, an American businessman, was arrested on charges of securities fraud, having been turned in by his own sons after allegedly telling them his business was a "giant ponzi scheme". According to the New York Post, Madoff "worked the so-called 'Jewish circuit' of well-heeled Jews he met at country clubs on Long Island and in Palm Beach.".
Affinity frauds can target any group of people who take pride in their shared characteristics, whether they are religious, ethnic, or professional.
Look this up for yourself. Snyder's-Lance is targeting people who think that they have a shared goal, the IO's will deliver the product that Snyder's-Lance makes and they will both make a profit from it. Snyder's-Lance is betraying the trust that the IO's are putting into their job, and finding more and more ways to rob them.
It's like your significant other telling you when you catch them cheating on you, it's not me, it's you! You are the crazy one, I'm not doing anything wrong! You are the one doing something wrong by thinking that I would do such a thing. So you are not supposed to believe your own eyes and your own experiences, you are to blindly believe them because they say so! So everybody that notices that something is wrong, you are just incompetent, lazy, stupid, don't understand how it works, etc., etc. If you would only trust Snyder's-Lance, then you would understand how to do your job! Meanwhile you are losing money left and right!