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15 Cards in this Set
- Front
- Back
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What is fraud?
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A deliberate deception to gain money or a valuable service or item
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Name 5 examples of consumer fraud?
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1. A phone call
2. An email 3.Bad mail 4.Fake Charities 5.People promising to fix your credit. |
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Approximately how many Americans are affected by fraud each year?
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Over 30 million Americans
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What is misleading advertising?
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Advertisement that tries to trick into buying something.
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What are exaggerated claims made in advertising called?
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Puffery
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What are incentives that some businesses use?
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A coupon, contest, or a rebate.
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What is the process for filing a complaint?
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Ask whoever sold the product or service. Than if that doesn't help ask the manager or owner.
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Who do you file with for internet fraud?
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Www.ic3.gov/
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What law limits liability for fraudulent credit card charges?
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The Fair Credit Billing Act
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What law made identity theft a felony and a federal crime?
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The Identity Theft and Assumption Deterrence Act
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What is the minimum sentence when convicted of identity theft?
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2 years
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How many Americans are victims of identity theft each year?
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9 million Americans
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What type of personal information might an identity theft steal?
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A Social Security number, credit card number, or use your name.
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Name 5 ways someone can get your personal information?
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1. Stealing your wallet
2. Hacking into your computer 3. Digging through trash 4. Tricking you to reveal information 5. Bribing people who know your information |
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What can a thief do with your personal information? What are different types of advertising?
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1. They can obtain credit cards open customer accounts, use your name and write bad checks, and take out loans.
2. Emails, phone calls, and fake mail. |
