Mechanisms of affinity fraud victimization

Thomas Dearden, Jill O. Jasperson and Ronald Mellado Miller

Journal of Financial Crime, 2024, vol. 32, issue 1, 64-76

Abstract: Purpose - This study aims to investigate the relationship between religiosity, belief in a just world (BJW), trust and affinity fraud. Design/methodology/approach - Using an online panel vendor, this study collected survey data from 1,030 participants. Participants are balanced based on US Census data. Findings - This study finds evidence that religiosity and, to a lesser extent, trust were correlated with choosing an affinity investor but not BJW. Overall, this study adds to the literature on fraud by examining the potential processes of tricking a victim. Originality/value - This study examines the complex decision-making around investing with fraudsters. This study disentangles the relationship between affinity fraud, decision-making, trust and religiosity. Furthermore, this consider the reasons why a shared affinity may increase trust through the lens of the decision-maker.

Keywords: Fraud; Affinity fraud; White collar crime; Just world (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-01-2024-0017

DOI: 10.1108/JFC-01-2024-0017

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