| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,507,364,972 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Affinity fraud |
Also found in: Wikipedia | 0.02 sec. |
Affinity fraud. Affinity fraud occurs when a dishonest person plays on your affiliation with a group -- such as a house of worship, social club, support group, charity, or veterans' group -- as a way to win your confidence in order to sell you something worthless or trick you into handing over cash. The scammer may actually be a member of the group or may just pretend to be. Affinity fraud is one the most difficult scams to protect yourself against because being suspicious of colleagues can undermine the reason you belong to a group. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
| Affinity fraud involves con artists preying on people who
belong to a group or association based on a shared cultural heritage,
religious beliefs, or professional and social interests.
"In an affinity fraud, the perpetrators say, `You can trust us
because we're like you,'" says Susan Wyderko, director of
the Securities and Exchange Commission's (SEC) office of investor
education and assistance, of the practice in which scam artists use
similarities in backgrounds and situations to capture prospective
targets. Corporations' initial focus will be in the greater Los Angeles
area, a location where investor and consumer education is critical to
combat affinity fraud, investment scams that prey upon members of ethnic
or religious communities, the elderly, or professional groups. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|