Tag: affinity_fraud

SEC Charges Toms River Trio in Alleged $47 Million Affinity Fraud

13 Aug 2026 4:51 p.m.

SEC charges three Toms River residents in a $47 million affinity investment fraud. Over 87 investors, mainly from Orthodox Jewish communities, were allegedly targeted in the scheme.

Politics and Government Business Law Enforcement Federal Government Economy Financial Markets Legal Social Issues SEC Toms River New Jersey Investment Fraud Affinity Fraud Orthodox Jewish Communities Financial Crime