Affinity Fraud

Two teachers talk about how they trusted Ms. Ponsetta, because she seemed to be a positive image of a successful African-American woman. Once she gained their trust and their money to invest, she took advantage of that trust. When they found out their money was gone, they were stunned, devastated, and hurt.

More Videos From "The Lure of Money"

Many eyes are on your retirement nest egg. Boomers approaching retirement look out for how their retirement investments are growing. Those retired already have a watchful eye on how their retirement savings are lasting. The other "eyes" on your money are the opportunists. Through frauds and scams, they try to lure you into the wrong investments.

Sounding sincere and knowledgeable, making promises of high returns, and building trust are some of the often sophisticated techniques that scams artists use to take your retirement money. Listen to people who thought they were making sound investment decisions, but put their trust in the wrong person and promise. These investors ended up with disastrous results.

View other segments from AARP's video, "The Lure of Money."

• Ponzi Scheme Built on Promissory Notes
• Pressed into Variable Annuities
• Viaticals Served for Lunch
• Before You Invest