Fraudulent Practices

What is ponzi scheme?

• Extortion is a crime in which one person forces another person to do something against his will, generally to give up money or other property, by threat of violence

• The selling of false things/tickets/items in order to gain free money

• a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors

• Promoting false advertisement and propaganda in order to bait people into buying the product

In ponzi scheme, who is hurt?

• yourself

• your family

• The banks

• People giving and loaning money

Who is the target for ponzi scheme

• Banks

• Anyone willing to lend money

• Your friend who lends you money

• Disabled people

What to do when scammed by ponzi scheme

• File police report

• Contact the lender

• Try and get your money back

• All of the above

fraudulent investing scam promising high rates of return with little risk to investors.

• Asset Misappropriation:
• Financial Statement Fraud definition:
• Ponzi scheme definition:
• How does a Ponzi scheme fail?

Intentionally false and meant to harm.

• Fraudulent

• Counterfeit

• Scam

• Misinformation

Santa plans to do some of his Christmas shopping online. What is a safety tip to follow when he is shopping online?

• 
• Use a credit card

• Use a debit card

Which of the following is an act of identity theft?

• Wrongfully acquiring and using someone’s personal identification
• Taking the identity of another individual as inspiration for a costume
• Wearing a Trump mask

Which of the following actions will not make an individual vulnerable to identity theft?

• Paying cash 
• Responding to an email from your depository institution
• Throwing mail in the garbage

Charis wants to decrease the risk of fraudulent use of her credit cards. Which strategy would be the most effective?

• signing the back of her card with her signature and "Please see picture ID”
• Take a selfie with the cashier
• carrying all credit cards in her wallet so they don’t get lost