Financial Literacy Comparison Shopping

What is social security identity theft?

• When someone steals your identity to commit tax fraud

• A fraudulent system of making money based on recruiting an ever increasing number of investors

• When someone uses your social security number to apply for credit or to commit fraud

What is tax identity theft

• When someone steals your identity to commit tax fraud

• A fraudulent system of making money based on recruiting an ever increasing number of investors

• When someone uses your social security number to apply for credit or to commit fraud

What is a pyramid scheme?

• When someone steals your identity to commit tax fraud

• A fraudulent system of making money based on recruiting an ever increasing number of investors

• When someone uses your social security number to apply for credit or to commit fraud

What is comparison shopping?

• Occurs when someone steals your SSN or other personal information to apply for ajob in your name.

• Comparing the price, reviews and other factors of similar products before making a purchasing decision

• An investment fraud that pays existing investors with funds from new investors

What is employment identity theft?

• Occurs when someone steals your SSN or other personal information to apply for ajob in your name.

• Comparing the price, reviews and other factors of similar products before making a purchasing decision

• An investment fraud that pays existing investors with funds from new investors

What is a ponzi scheme?

• Occurs when someone steals your SSN or other personal information to apply for ajob in your name.

• Comparing the price, reviews and other factors of similar products before making a purchasing decision

• An investment fraud that pays existing investors with funds from new investors

Who is an influencer?

• A person who has the ability to rate and review products that their followers are likely to purchase.

• Someone who steals your SSN

What is the ultimate goal of a scam?

• To do bad things

• To steal

• To get money from people

What is one of the red flags of scams that consumers need to look for?

• Comparing price, reviews and factors of products

• Urgent need for money or someone asking for your personal information

• A fradulent system of making money based on recruiting.

What is the only way that the IRS will contact you about your tax payment?

• By official letter

• By email

• By phone