Owing to the complex structural characteristics of aligned fractured rocks with a fluid-saturated porous background, many existing single-wave attenuation mechanism models cannot accurately characterize measuring multiband shear vertical (SV) wave data. Moreover, the coupled effect of wave-induced fluid flow between fractures and the background (FB-WIFF) and elastic scattering (ES) from the fractures leads to ambiguity in the elastic response of the SV wave. Using Biot’s theory and mixed boundary constraints, the exact solutions of the scattering problem for a single penny-shaped fracture with an obliquely incident SV wave are derived. Furthermore, a theoretical model for a set of aligned fractures is developed by using Foldy’s scheme. The numerical results indicated that the FB-WIFF, ES of fractures, and their coupling effects were mainly responsible for wave dispersion and attenuation. The FB-WIFF occurs primarily in the low-frequency seismic exploration frequency band, whereas the ES of the fracture surface depends on the relationship between the wavelength and fracture size. In addition, by comparing our model with an existing interpolation approximation model and previous experimental measurements, the accuracy and effectiveness of the model was validated. The results of this work can explain the acoustic response of SV-wave experimental data in different frequency bands and theoretically support fracture detection and characterization.