Wk 3--Quiz (9th)Financial Schemes &Fraud--Due: 9/24/20

Which of the following can be described as a hierarchy for which individuals who join make payments to those above them?

• Pyramid Scheme

• . 4-1-9 Fraud

• Affinity Scheme

All types of crime in which someone wrongfully obtains and uses another person’s personal informa

• spamming
• Identity theft
• Dumpster Diving
• Insurance Fraud

Fraudulent investment operations  which involve paying abnormally high returns to investors out of the money paid by other investors

• Elevator scheme
• shoulder surfing
• Telemarketing scheme
• Ponzi scheme

Sending bogus e-mails which require people to fill in personal information

• Phishing
• Watermark
• Chemical Void
• Spamming

When a business is tricked into releasing merchandise or rendering services because they believe a credit card account will pay for the goods or services 

• Watermarks
• Utility Fraud
• Credit Card Fraud
• Spamming

Act of making or producing an illegal copy of items so they look genuine. 

• Spam Mail
• Forgery
• Phishing
• Chain Letter

Minority groups, religious groups and community organizations are examples of target groups for which type of scheme?

• Affinity Fraud

• . Ponzi Scheme

• Pyramid Scheme

• Elevator Scheme

Which of the following is the fast growing form of fraud in the United States?

• 4-1-9 Fraud

• Identity Theft

• Affinity Scheme

• Pyramid Scheme

Which of the following is NOT a way to avoid identity theft?

• Check your financial information regularly

• View a copy of your credit report often

• Maintain accurate records of all financial transactions

• Throw away receipts and statements containing private information

Which of the following is NOT a way to avoid a pyramid scheme?

• Find out if the plan involves a training program

• Research the company involved before signing a contract

• Shred any document which contains personal information

• Call the Better Business Bureau to inquire about the company