affinity fraud


A name for a type of scam that targets members of a specific demographic. Perpetrators may attempt to relate to or exploit characteristics common to the demographic. Targeted groups can include the elderly, ethnic groups, and religions. Perpetrators attempt to portray themselves as members of this group or people who can relate to the members of the group in order to gain trust and eventually money. Ponzi schemes and pyramid schemes are sometimes combined with affinity fraud.

Use affinity fraud in a sentence

You should always make sure that you do not do anything that others could perceive as an attempt at affinity fraud.

​ Was this Helpful? YES  NO 7 people found this helpful.

The American Association of Retired Persons (AARP) recently published an article listing the most common forms of Affinity Fraud perpetrated on senior citizens.

​ Was this Helpful? YES  NO 3 people found this helpful.

Through primarily socializing at various Jewish country clubs throughout Long Island and Palm Beach, Bernard Madoff employed affinity fraud to maintain a steady stream of investors for his Ponzi scheme.

​ Was this Helpful? YES  NO 8 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
affiliated wholesalers affirmation