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affinity fraud

[ uh-fin-i-tee frawd ]

noun

  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.


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Word History and Origins

Origin of affinity fraud1

First recorded in 1940–45

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affinity cardaffinity group