Page 2 - Fraud College News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sent to prison. >> reporter: that's a great question. we interviewed the chief of the fbi's white collar crime division. he says it's worse than before. we also spoke to one of the sponsors of this fraud college, he's a owner of apx security. they are in the hardware security business the guys who put the alarms on your house but he was the victim of this kind of fraud. he had a friend who introduced him to somebody and he lost $250,000 . here is what shaun brently told us about how to protect yourself. >> in my particular story i thought i had an individual certificate where he had personally...

Duped by scam artists. adam shapiro is live at utah valley university. so people with close connections i guess are more prone to fraud, adam? >> reporter: yeah it's called affinity fraud. we saw it played out with bernie madoff. in miami there was a man who played upon the cube even exile community he was cuban. in utah you have a large number of people that are members of the church of latter day saints the more money. this community has suffered from affinity fraud. $1.4 billion, 4400 individuals who were victims of that kind of fraud. this fraud college was put together to create a nationa...