Name That Fraud
What type of fraud involves the theft, abuse or sale of a person's private information?
Identity Fraud
Receiving money to do scientific research and spending it on a holiday instead. Fraud or nah?
Fraud
This type of fraud/scheme/scam is named after the shape it inevitably creates. What is it?
Pyramid Scheme
If a person is entrusted with assets or money but uses them for the wrong reason, what type of fraud is that?
Embezzlement
Opening a bank account for the sole purpose of transferring money. Fraud or nah?
Nah
In 1936, Victor Lustig ran a scam trying to "sell" the Eiffel Tower. How many times did he succeed?
Twice!
What type of fraud is most commonly committed by accident?
Tax Fraud
Transferring money from one currency to another to end up with more money than you started with. Fraud or nah?
Nah
Lularoe, a 2 Billion dollar MLM company that was eventually proved to be a pyramid scheme made their fortune by selling what?
A. Leggings and dresses
B. Cosmetics
C. Hair extensions
D. All of the above
A. Leggings and dresses
What type of fraud would theoretically make it easier for a non-citizen to enter the country?
Marriage Fraud
Selling someone an item/asset and promising them a profit if they agree to recruit more sellers. Fraud or nah?
Fraud
Which one of the following was a real functioning fraud operation?
A. Direct-Mail
B. WinCapita
C. Taxation Office of Finland
D. Nutriboom
B. WinCapita