affinity fraud

[ uh-fin-i-tee frawd ]

  1. a fraudulent investment scheme in which a swindler preys upon members of an identifiable group, as a religious or ethnic group, often by claiming to be a member of the group and promising fellow group members special access, profit, or other benefits.

Origin of affinity fraud

First recorded in 1940–45
  • Also called af·fin·i·ty scam [uh-fin-i-tee skam] /əˈfɪn ɪ ti ˌskæm/ .

Words Nearby affinity fraud Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023