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6 Cards in this Set
- Front
- Back
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Consumer fraud |
Any fraud that targets individuals as victims |
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What are the two types of consumer fraud? |
1. Identity theft 2. Consumer scams |
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Identity theft |
Circumstances where someone uses another person's name, address, Social Security number, bank or credit card account number, or other identifying information to commit fraud or other crimes. |
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What are things you can do to minimize the risk of identity theft? |
1. Guard your mail from thef 2. Opt out a preapproved credit cards
3. Check your personal credit card information at least once a year
4. Guard your Social Security number and social security card
5. Guard your trash from theft
6. Protect your wallet and other valuables
7. Protect the home, computer, and passwords |
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Work at home schemes involve? |
Multilevel marketing, Peerman Pyramid scheme's, chain letters, mail stuffing, product testing, and craft assembly. |
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Clawbacks |
Involve the recovery of assets from Ponzi scheme participants who were net winners |
