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affinity fraud

[ uh-fin-i-tee frawd ]
/ əˈfɪn ɪ ti ˌfrɔd /
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noun
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.
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Also called af·fin·i·ty scam [uh-fin-i-tee skam] /əˈfɪn ɪ ti ˌskæm/ .

Origin of affinity fraud

First recorded in 1940–45
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

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