A comprehensive guide to Acquisition Fraud, including historical context, types, key events, mathematical models, and prevention strategies.
Advance-Fee Fraud is a type of scam where victims are tricked into paying a fee upfront with the promise of a larger financial incentive later. This entry covers the definition, types, examples, historical context, and prevention measures.
Affinity Fraud occurs when perpetrators exploit the trust within specific communities, such as religious, social, or ethnic groups, to carry out scams, including Ponzi schemes.
An in-depth look at Buffer Fraud, its mechanisms, historical context, key events, and its impact on finance and legality.
Cheque Kiting is a deceptive practice where an individual draws against uncleared cheques, thereby fraudulently utilizing funds not currently available in their account.
A counterfeit check is a fraudulent check created to resemble a legitimate check, often lacking security features such as raised prints.
Identity theft involves the unauthorized use of personal information such as social security numbers, credit card data, and other private data to commit fraud or other illegal activities.
An in-depth examination of the fraudulent practice of lapping, its methods, detection, and implications in the financial world.
Phishing is a type of fraud where victims are tricked into disclosing sensitive information through bogus communications, often appearing to be from trusted sources.
Teeming and lading, often referred to as lapping, is a form of accounting fraud where receipts of cash are misappropriated by temporarily crediting it to another account, thereby disguising the theft.
Misstatement of Age involves the falsification of birth date by an applicant for a life or health insurance policy. If discovered, the insurance coverage will be adjusted to reflect the correct age according to the premiums paid in.
A thorough examination of Ponzi Schemes, their mechanics, historical context, and examples including the notable Madoff Scandal.
A comprehensive guide to understanding the Nigerian Letter Scam, recognizing its warning signs, and learning effective strategies to protect yourself from this widespread fraud.
An in-depth look into the Offshore Portfolio Investment Strategy (OPIS), a fraudulent tax shelter marketed by accounting firm KPMG in the late 1990s, including its components, historical context, and repercussions.
A comprehensive guide to Ponzi schemes, detailing their definition, mechanisms, historical origins, famous examples, and how to identify and avoid falling victim to such investment scams.
An in-depth exploration of the rise and fall of OneCoin, the fraudulent cryptocurrency network that swindled investors out of billions.
