Investor Protection Guide: Affinity Fraud

{
  "id": "MLC-T-LAW-002757",
  "term": "Investor Protection Guide: Affinity Fraud",
  "field": "Law",
  "definition": "An investment scam that preys upon members of identifiable groups, such as religious organizations, ethnic communities, or professional associations. The fraudsters, who often belong to the same group, exploit trust and shared connections to persuade victims to invest in fraudulent schemes. This type of fraud is particularly insidious due to the betrayal of trust within a community.",
  "url": "https://mlchart.com/terminology/law/investor-protection-guide-affinity-fraud/"
}