Avoiding Financial Schemes & Fraud

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

• Ponzi schemes

• Identity theft

• Shoulder surfing

• 4-1-9 frauds

Skimming is a type of

• Ponzi scheme

• Phishing

• Affinity fraud

• Credit card fraud

Which of the following accurately describes watermarks?

• Subtle designs on the fronts and backs of checks

• Treatment of checks making "VOID" appear upon chemical application

• Metallic stripes containing holograms

• Small printing on the signature line of a check

What are non-sustainable business models which involve the exchange of money?

• Ponzi schemes

• Elevator schemes

• Pyramid schemes

• 4-1-9 frauds

What are fraudulent investment operations which involve paying abnormally high returns to investors out of the money paid by other investors?

• Ponzi schemes

• Elevator schemes

• Pyramid schemes

• 4-1-9 frauds

What is obtaining property or money which does not belong to you from any federally insured financial institution?

• Insurance fraud

• Bank fraud

• Utilities fraud

• Government documents fraud

Workers' compensation fraud is a type of

• Insurance fraud

• Bank fraud

• Utilities fraud

• Government documents fraud

Credit repair scams promise which of the following?

• Lower interest rates on lines of credit

• Refinance lines of credit to reduce minimum payments

• Erase accurate negative information from your credit file

• Erase false information from your credit line

What prey(s) upon members of identifiable groups by using their affiliation with the group?

• Identity theft

• Affinity fraud

• Ponzi schemes

• Elevator schemes

What is the act of making or producing an illegal copy of items so they look genuine?

• Spamming

• Identity theft

• Shoulder surfing

• Forgery