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FRAUD Wrongful deception with the intent to gain personally or…
FRAUD
Wrongful deception with the intent to gain personally or financially
FRAUD AS A CRIMINAL OFFENSE
• Intentional deception by false pretense with the intent to convince the victim to part with money or property.
• The belief in the deception by the victim, who actually parts with the money or property under the false pretenses.
• The perpetrator keeping, or intending to keep, the money or property in question.
What to Do if Fraud is Suspected
FRAUD AS A CIVIL WRONG
• Proving the fraud occurred with clear and convincing evidence
• Proving the state of mind of both the perpetrator and victim at the time of the crime
If a person believes he is a victim of fraud, he should immediately contact his local law enforcement authority and give a full account of what happened
FRAUD PROTECTION AND WARNING SIGNS
• Telephone calls in which the caller asks for money to be send in exchange for an offer.
• Telephone calls in which the caller asks for a social security number (even if they only request the last four digits).
• Telephone calls in which the caller asks for personal information, including a bank account or credit card number.
• Receiving unsolicited mail or email requesting the person send money with the threat that he may lose their credit cards or driver’s license if they do not comply.
• Receiving a response to something listed for sale in which the potential buyer offers to pay for the item via a wiring service or money order. Perpetrators of this scam often request that the seller ship the item.
• Receiving a notice that a person can obtain a large loan or consolidate his debt if he pays a set amount of money up front.
• Solicitation from a business that has no information readily available, or that is not registered in the city or state in which they claim to do business.
FRAUD PENALTIES
Restitution
Incarceration
Fines
Probation
Fraud Alert
Types of fraud
• Check Fraud
• Internet sales
• Website misdirection
• Charities fraud
• Work-from-home scams
• Pyramid schemes
• Identity theft
• Credit card fraud
• Debt elimination
• Insurance fraud