Sentence examples for affinity fraud from inspiring English sources

Is it just affinity fraud?

Affinity fraud affects more than recent immigrants to the United States.

State securities regulators are also troubled by the rise of religious affinity fraud.

It has become so common that it now has its own name: affinity fraud.

Affinity fraud victims may be people swindled by members of the same church, ethnic group or profession.

That type of swindle has become so prevalent, in fact, that the regulators have given it a name -- affinity fraud.

Joseph Borg, Alabama's securities commissioner, reckons half of all affinity frauds in the American South are faith-based.The problem stretches across all types of belief, and ranges far beyond the Bible Belt.

Most affinity frauds are Ponzi schemes, in which money from new investors is used to repay old ones, or is siphoned off by the promoters.The Madoff fraud fed on multiple affinity circles: wealthy Jews in Florida and Israel, country-club types and European old money, lured with help from marketers running "feeder" funds.

When it comes to losing money through affinity frauds, who you know can fleece you.

Such affinity frauds have long been plied among people grouped by race, religion or nationality.

Notwithstanding how droll these affinity frauds have become and how puzzling it is to try and understand why seemingly intelligent folks fall prey to such con artists, the fact remains that victims of these frauds are often financially devastated.