Personal Finance Unit 6 Fraud and Identify Theft.

Confidence Trick Or Confidence Game.

An attempt to swindle you by gaining your confidence. "Con artists" will try to appeal to your greed, your good nature, your generosity, or your willingness to take a risk.

Security Fraud.

Artificially inflating the price of a stock with false and misleading statements. The goal is to sell stock that has little value at a high price.

Forgery.

Creating false documents and signatures.

Insurance Fraud.

Fake insurance claims to get money from an insurance company that is not warranted.

False Advertising.

Making false claims or statements in advertising to persuade you to buy a certain product.

Ponzi Scheme.

Promises investors abnormally high profits from the money they "invest" in the plan. The system is doomed to collapse because there are little or no underlying earnings from the money received by the promoter. Also known as a Pyramid scheme.

Identity Theft.

Stealing money or getting other benefits by pretending to be someone else.

Embezzlement.

Taking money from your employer that does not belong to you.