Fraud Reduction Group, TYPES OF FRAUD

Fraud Reduction Group, TYPES OF FRAUD

Posted in the Chicago Forum

Since: Dec 13

Los Angeles, CA

#1 Dec 26, 2013
Source Link:

Frauds can be categorised by the type of victim involved. The most common groups of victims encountered by investigators include:

- Investors
- Creditors
- Businesses
- Banks or other financial institutions
- Central or local government
- Fraud by manipulating financial markets

Frauds can also be categorised by the technique or activity used by the fraudster. These include:

- Advance fee frauds
- Bogus invoices
- Computer hacking of information or property
- Corruption and bribery
- Counterfeiting, forgery, or copyright abuse
- Credit Card fraud
- False Accounting - manipulation of accounts and accounting records
- Fraudulent bankruptcy - exploitation of cross-border corporate structures
- Insurance fraud
- Internet online scams - auctions, credit card purchases, investment scams
- Investment fraud
- Long Firm fraud
- Misappropriation of assets
- Money laundering
- Mortgage Fraud
- Payroll fraud
- Principal agents - failure of systems to restrict key individuals
- Pyramid schemes
- Unsolicited letter frauds.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Chicago Discussions

Title Updated Last By Comments
News Barack Obama, our next President (Nov '08) 20 min Bluestater 1,293,230
News BARACK OBAMA BIRTH CERTIFICATE: Suit contesting... (Jan '09) 1 hr Dr Guru 198,626
Topix Chitown Regulars (Aug '09) 7 hr Will paint for food 100,875
Amy 10-8-15 9 hr Kuuipo 15
{keep A word drop A word} (Oct '11) 11 hr Trunketeer 6,608
Review: B52 Van Lines 15 hr JavierWu 9
Abby 10-8-15 20 hr Mister Tonka 3
More from around the web

Personal Finance

Chicago Mortgages