Common Types of Business Fraud

The video tutorial discusses various types of fraud commonly encountered in business contexts. It covers mail fraud, securities fraud, tax fraud, healthcare fraud, and insurance fraud, explaining how each type is perpetrated and its implications. The tutorial emphasizes the prevalence of these frauds in business entities.

What is the primary method used in mail fraud?

• Using the mail or carrier systems

• Using electronic communication

• Using telephonic communication

• Using social media platforms

Securities fraud involves:

• Falsifying information to secure investments

• Providing accurate information to investors

• Making false insurance claims

• Avoiding tax obligations

What is the main goal of tax fraud?

• To claim health care reimbursements

• To secure insurance benefits

• To increase investment returns

• To avoid tax obligations

Health care fraud typically involves:

• Creating false insurance claims

• Making false claims for reimbursement

• Avoiding tax payments

• Falsifying investment information

Insurance fraud often involves:

• Creating false occurrences to claim benefits

• Providing false investment information

• Making false health care claims

• Avoiding tax obligations