Question 1

A Nigerian Money Offer email scam is a form of:

Accepted Answer

A)  Foreign advance-fee scam 
B)  Purchase of real estate scam 
C)  Clearing house scam 
D)  Disbursement of money from wills scam 
A)  Foreign advance-fee scam 
B)  Purchase of real estate scam 
C)  Clearing house scam 
D)  Disbursement of money from wills scam

Question 2

All of the following are red flags for potential investment scams except:

Accepted Answer

A)  Pressures to get in early on the investment 
B)  A business with a history of bankruptcy 
C)  Use of a special tax loophole 
D)  Assurance of low personal involvement 
E)  All of the above are red flags for potential investment scams 
A)  Pressures to get in early on the investment 
B)  A business with a history of bankruptcy 
C)  Use of a special tax loophole 
D)  Assurance of low personal involvement 
E)  All of the above are red flags for potential investment scams

Question 3

All of the following are types of foreign advance schemes, except:

Accepted Answer

A)  Disbursement of money from wills 
B)  Multi-level marketing scams 
C)  Sale of crude oil below market price 
D)  Purchase of real estate scam 
A)  Disbursement of money from wills 
B)  Multi-level marketing scams 
C)  Sale of crude oil below market price 
D)  Purchase of real estate scam

Question 4

Trans Union, Equifax, and Experian are examples of:

Accepted Answer

A)  Identity Theft Investigation Firms 
B)  Credit Reporting Agencies 
C)  Money Transfer Agencies 
D)  Equal Opportunity Agencies 
A)  Identity Theft Investigation Firms 
B)  Credit Reporting Agencies 
C)  Money Transfer Agencies 
D)  Equal Opportunity Agencies

Question 5

Consumer fraud is described as any fraud that:

Accepted Answer

A)  Is committed by a consumer 
B)  Takes place against an individual 
C)  Is fraud committed within an organization 
D)  Comes from a separate country 
A)  Is committed by a consumer 
B)  Takes place against an individual 
C)  Is fraud committed within an organization 
D)  Comes from a separate country

Question 6

Which act provides fines and punishments for identity theft?

Accepted Answer

A)  Identity Theft and Assumption Deterrance Act 
B)  Family Education Rights and Privacy Act of 1974 
C)  The Gramm-Leach-Bliley Act 
D)  Fair Credit Reporting Act 
A)  Identity Theft and Assumption Deterrance Act 
B)  Family Education Rights and Privacy Act of 1974 
C)  The Gramm-Leach-Bliley Act 
D)  Fair Credit Reporting Act

Question 7

_________ people are not particularly susceptible to consumer fraud except:

Accepted Answer

A)  Uneducated 
B)  Elderly 
C)  Gullible 
D)  Trusting 
E)  None of the above 
A)  Uneducated 
B)  Elderly 
C)  Gullible 
D)  Trusting 
E)  None of the above

Question 8

A clearinghouse scam:

Accepted Answer

A)  Involves a victim receiving a letter that claims he or she has inherited a significant amount of money 
B)  Involves a victim that has purportedly won the clearinghouse sweepstakes 
C)  Involves a victim receiving a letter that falsely claims the writer represents a foreign bank 
D)  Involves a victim receiving an email containing their social security and/or credit information 
A)  Involves a victim receiving a letter that claims he or she has inherited a significant amount of money 
B)  Involves a victim that has purportedly won the clearinghouse sweepstakes 
C)  Involves a victim receiving a letter that falsely claims the writer represents a foreign bank 
D)  Involves a victim receiving an email containing their social security and/or credit information

Question 9

Multi-level Marketing Companies are illegal in the United States.

Accepted Answer

A) True 
 B)False

Question 10

Fraudsters might complete a change of address form at the local post office:

Accepted Answer

A)  To redirect their mail when investigations are discovered 
B)  To have a victim's mail sent to an alternative address as part of an identity theft scheme 
A)  To redirect their mail when investigations are discovered 
B)  To have a victim's mail sent to an alternative address as part of an identity theft scheme

Question 11

Product testing scams are frauds that:

Accepted Answer

A)  Ask consumers to review "new" products for a price 
B)  Do not include money since testing is involved 
C)  Involve mystery shopping products 
D)  Mail stuffing scams 
A)  Ask consumers to review "new" products for a price 
B)  Do not include money since testing is involved 
C)  Involve mystery shopping products 
D)  Mail stuffing scams

Question 12

The Gramm-Leach-Bliley Act:

Accepted Answer

A)  Gives financial institutions the right to share personal information for a profit 
B)  Prevents financial institutions from sharing personal information for a profit 
C)  Allows financial institutions to share personal information, as long as it is not for a profit 
D)  Prevents financial institutions from sharing personal information in any form 
A)  Gives financial institutions the right to share personal information for a profit 
B)  Prevents financial institutions from sharing personal information for a profit 
C)  Allows financial institutions to share personal information, as long as it is not for a profit 
D)  Prevents financial institutions from sharing personal information in any form

Question 13

Consumer fraud includes all of the following, except:

Accepted Answer

A)  Telephone fraud 
B)  Internet services or auctions 
C)  Identity theft 
D)  Invigilation 
A)  Telephone fraud 
B)  Internet services or auctions 
C)  Identity theft 
D)  Invigilation

Question 14

Multi-level Marketing schemes have often been dubbed:

Accepted Answer

A)  Ponzi Schemes 
B)  Foreign Advance Schemes 
C)  Identity Theft Schemes 
D)  Shoulder Surfing Schemes 
A)  Ponzi Schemes 
B)  Foreign Advance Schemes 
C)  Identity Theft Schemes 
D)  Shoulder Surfing Schemes

Question 15

Shoulder surfing is a scheme where:

Accepted Answer

A)  Criminals physically confront consumers in order to force them to reveal information 
B)  Criminals follow consumers to discover their buying habits 
C)  Criminals determine the most susceptible victims 
D)  Criminals watch consumers from a nearby location to view credit card or PIN numbers 
A)  Criminals physically confront consumers in order to force them to reveal information 
B)  Criminals follow consumers to discover their buying habits 
C)  Criminals determine the most susceptible victims 
D)  Criminals watch consumers from a nearby location to view credit card or PIN numbers

A Nigerian Money Offer email scam is a form of:

All of the following are red flags for potential investment scams except:

All of the following are types of foreign advance schemes, except:

Trans Union, Equifax, and Experian are examples of:

Consumer fraud is described as any fraud that:

Which act provides fines and punishments for identity theft?

_________ people are not particularly susceptible to consumer fraud except:

A clearinghouse scam:

Multi-level Marketing Companies are illegal in the United States.

Fraudsters might complete a change of address form at the local post office:

Product testing scams are frauds that:

The Gramm-Leach-Bliley Act:

Consumer fraud includes all of the following, except:

Multi-level Marketing schemes have often been dubbed:

Shoulder surfing is a scheme where:

The Nature of Fraud

Why People Commit Fraud

Fighting Fraud: An Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

Investigating Concealment

Conversion Investigation Methods

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, Asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Bankruptcy, Divorce, and Tax Fraud

Fraud in E-Commerce

Legal Follow-Up

Filters

Exam 15: Consumer Fraud

A Nigerian Money Offer email scam is a form of:

All of the following are red flags for potential investment scams except:

All of the following are types of foreign advance schemes, except:

Trans Union, Equifax, and Experian are examples of:

Consumer fraud is described as any fraud that:

Which act provides fines and punishments for identity theft?

_________ people are not particularly susceptible to consumer fraud except:

A clearinghouse scam:

Multi-level Marketing Companies are illegal in the United States.

Fraudsters might complete a change of address form at the local post office:

Product testing scams are frauds that:

The Gramm-Leach-Bliley Act:

Consumer fraud includes all of the following, except:

Multi-level Marketing schemes have often been dubbed:

Shoulder surfing is a scheme where:

The Nature of Fraud

Why People Commit Fraud

Fighting Fraud: An Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

Investigating Concealment

Conversion Investigation Methods

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, Asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Bankruptcy, Divorce, and Tax Fraud

Fraud in E-Commerce

Legal Follow-Up

Filters