Affinity Fraud

Affinity fraud is a classification of scam where the victims are all of a particular group. So if you are going to clown school and sell all your classmates cheap hand buzzers that don't buzz, you're committing an affinity fraud.

In most real-world examples, con artists will concentrate on religious or ethnic groups that they belong too, taking advantage of cultural assumptions or group insularity.



Find other enlightening terms in Shmoop Finance Genius Bar(f)