Many securities swindles use this ruse (Bennett 1985; "How Bank of America" 1985). Those seeking investments in a relatively unknown company represent to potential investors that funds will be insured by "Fidelity Fiduciary Guaranteed Trust Insurance, Inc." (with a corporate logo that closely resembles that of the FDIC). In reality, this guardian of trust is a straw company with no assets, frequently run by the stock swindlers themselves or by their associates. This added feature often convinces many investors that the prospect is safe and induces their commitment. It is curious that even the most cautious in conferring trust can be easily taken in by trusttrusteeship scams.

Shapiro, Susan P., The Social Control of Imper…, loc. 125