fraud

The history of American business is a history of business scandals. In a number of cases, the fraudsters posing as businessmen displayed incredible imagination and talent. Many experts believe that scandals and fraud in the financial sector are inevitable, since unscrupulous people will always...

What Is Occupancy Fraud? The term occupancy fraud refers to a form of mortgage fraud that occurs when the borrower lies about the occupancy status of the property, stating it will be owner-occupied. Relatively common, borrowers commit occupancy fraud to get better interest rates on their...

Accounting fraud is the intentional manipulation of financial statements to create a false appearance of corporate financial health. Furthermore, it involves an employee, accountant, or the organization itself misleading investors and shareholders. A company can falsify its financial statements...

Definition of Mortgage Fraud The intention of mortgage fraud is typically to receive a larger loan amount than would have been permitted if the application had been made honestly. For example, by intentionally falsifying information on a mortgage application. Mortgage fraud schemes include straw...

Ethical violations and criminal activities in various industries have affected our economy over the past few decades, particularly in the banking, financial and housing sectors. When it comes to financial crimes, mortgages provide ample opportunity for bad actors to steal, defraud, or cut...

What Is Wire Fraud? Wire fraud is a type of fraud that involves the use of some form of telecommunications or the internet. These can include a phone call, a fax, an email, a text, or social media messaging, among many other forms. Wire fraud is punishable by prison and/or fines. KEY TAKEAWAYS...

Online fraud - the actions of cybercriminals aimed at taking over information data or financial resources of an Internet user. Every day, many people make online purchases of tickets, pay for telephone or utilities, goods from online stores. The total annual turnover of the virtual world is...

Jet Infosystems has published an expert assessment of annual losses from fraud for three spheres of domestic business - telecom operators, credit and financial and retail companies. And what is happening in Russia? Experts from Jet did not begin to be original and quoted Karamzin's words for...

What Is Corporate Fraud? Corporate fraud refers to illegal activities undertaken by an individual or company that are done in a dishonest or unethical manner. Often, this kind of business fraud is designed to give an advantage to the perpetrating individual or company. Corporate fraud schemes go...

What Is Securities Fraud? Securities fraud, also referred to as stock or investment fraud, is a type of serious white-collar crime that can be committed in a variety of forms but primarily involves misrepresenting information investors use to make decisions. The perpetrator of the fraud can be...

If you notice charges on your credit card that aren't yours, call your bank immediately to report it and have the card cancelled. Your credit card number could have been picked up by an employee at a company where you purchased goods. Often, the fraudulent purchases are made online, but this is...

What Is COB Fraud? COB fraud—short for “change of billing address fraud”—is a type of fraud in which the perpetrator changes the address listed on file at the victim’s financial institution. This move allows the fraudster to then make purchases using the victim’s credit card information, and...

What Is Card-Present Fraud? Card-present fraud is a transaction in which the fraudulent party physically presents the counterfeit credit card to the merchant. By contrast, there are other types of credit card fraud that rely on digital methods where the card is not physically present. KEY...

What Is Card-Not-Present Fraud? Card-not-present fraud is a type of credit card scam in which the customer does not physically present the card to the merchant during the fraudulent transaction. Card-not-present fraud can occur with transactions that are conducted online or over the phone. It is...

Identity Fraud Reimbursement Program: An Overview An Identity Fraud Reimbursement Program is insurance that protects their policyholders from losses associated with identity theft. Sometimes referred to as identity theft insurance, identity fraud reimbursement programs are offered both as...

What Is White-Collar Crime? White-collar crime is a nonviolent crime committed for financial gain. According to the FBI, a key agency that investigates these offenses, "these crimes are characterized by deceit, concealment, or violation of trust." The motivation for these crimes is to obtain or...

What Is Securities Fraud? Securities fraud, also referred to as stock or investment fraud, is a type of serious white-collar crime that can be committed in a variety of forms but primarily involves misrepresenting information investors use to make decisions. The perpetrator of the fraud can be...

What Is Fraud? What Is Fraud? Fraud is an intentionally deceptive action designed to provide the perpetrator with an unlawful gain or to deny a right to a victim. Types of fraud include tax fraud, credit card fraud, wire fraud, securities fraud, and bankruptcy fraud. Fraudulent activity can be...

Online transactions are all the rage today, with more and more customers opting to make use of online transactions to buy the coveted products. As online transactions grow rapidly with each passing day, fraudulent activities have also cropped up to erode the profits of merchants in the process...

Credit Card Fraud Made Easy The information in the following file is of an illegal nature, I don 't suggest trying the topic subject because YOU CAN GO TO JAIL if you get caught. It is illegal, and therefore I do not participate in it, neither should you...