Scams, Cons, And Identity Theft Essay

Ponzi Schemes also known as a multi-marketing organization are white-collar crime; it is essentially an individual swindling a quick investment from new investors. Always ends up with investors or victums losing “their shirt” all the profits and many cases the company and is bankrupted and the owner ends up in jail. Two very highly successful Ponzi schemes are Primerica group and Amway. Primerica Group sells insurance and financial services and Amway sells heath insurance, but it doesn’t matter what they sale, its all about recruitment. They take your hard earned money and invest it into there business for a bigger profit in the future for a retirement but many people who try to get some of there money back for emergency are sadly mistaken

According to the Federal Trade Commission Identity theft is the fastest growing crime in the United States of America. They estimated that 10 million people a year are victimized by the crime which comes out to about 19 people per minute are becoming victims of this crime. Given these extremely worrying statistics it has never been more important to be informed about the crime of identity theft and how to avoid it in your daily life especially as more schemes and ways to unknowingly forfeit your information are introduced with the prevalence of the World Wide Web (www, w3). More than just knowledge of the crime of identity theft it is also important to know what protections you can set to help protect your information. Also, given the amount of businesses and organizations, and the various vulnerabilities that their systems may have, that must have access and know significant information about your life it is also invaluable to understand how to recover from your information being lost. This paper will be used to inform about this growing crime including what identity theft is and the different types that exist, what information is most important to protect, what you can do to avoid it, how to recover from it and what that may entail, and how this applies to the field of computer science and what should be looked for when building systems, and different kinds of attacks that can happen.

Information has emerged of a new phishing scam marking Australian clients of Microsoft Office 365 products, possibly crippling businesses through the busy pre-Christmas period.

Nowadays, there is an abundant amount of scams so anyone can be caught up in fraud by con artists. Common scams that are in our lives include, online-dating site deceptions, debt-collection scams, fake rental ads, and non-existent

“Most people are other people. Their thoughts are someone else’s opinions, their lives a mimicry, their passions a quotation” (Oscar Wilde). This quote illustrates how in our world, a person’s identity can be easily changed. Many Americans are effected by this problem today. Citizens, criminals, and the government all play a role in this process. However, many disagree as to whether identity theft should be allowed in our country. Based on the history of identity theft and relationships between American citizens, the government, and this issue, identity theft should be abolished in America.

This paper will cover the topic of identity theft via the internet, phone and several other schemes. It will identify various ways in which your identity is stolen and ways which you can safeguard yourself from being victimized. I will also report what the Department of Justice is doing and the penalties associated with these crimes.

The number of people that have experienced identity theft has been increasing rapidly. Identity theft is when one’s personal information, including social security number, credit card number or even name is stolen and is used for economic gain. A person’s identity could be taken at any time or place, and it could happen without them knowing about it. Once a person’s identity has been stolen, there are not many things they can do about it, and resolving it might take a couple months, if not years. According to “Fending Off Identity Fraud” by Danielle Britni, in 2012 alone, 16.6 million Americans were victims of some type of identity theft. In this article, the author explains multiple ways of protecting one’s identity, as well as a way of keeping

There are many things that could have been taken away from the FDIC MoneySmart simulated podcasts. One thing that really stuck with me is how dangerous identity theft is. A person can access your credit card information, your social security info and your credit report simply by opening one of your bills. It is scary to think that someone would just go through your mail to access that. We no longer have any personal privacy because people can easily access our information. My sisters wallet was stolen right out of her purse, when she was at the hospital one time. The person who stole it, used her credit card to make multiple purchases. Fortunately the credit card companies were able to tract down where the criminal was by looking at the recent

Healthcare fraud and abuse has become a major issue for the United States healthcare system and affect many the citizens. The National Health Care Anti-Fraud Association (NHCAA) estimates that the financial losses due to health care fraud are in the tens of billions of dollars each year. “In 2011, $2.27 trillion was spent on health care and more than four billion health insurance claims were processed in the United States. The harsh reality is that some of these health insurance claims are fraudulent. Although they constitute only a small fraction, those fraudulent claims carry a very high price tag.” (Challenge of Health Care Fraud, n.d.) The impact of health insurance fraud has a direct and indirect impact on all of our lives. Fraudulent cases have an effect on how much we pay for health insurance premiums and increase our out-of-pocket costs when we seek healthcare services. For employers-private and government alike-health care fraud increases the cost of providing insurance benefits to employees and, in turn, increases the overall cost of doing business (Challenge of Health Care Fraud. n.d.) . In 2014, the federal government recovered nearly $5.7 billion in health care cases, up $1.9 billion from the prior fiscal year. Of that amount, $2.3 billion was tied to healthcare fraud against the federal government, according to a recent review by the Nashville, TN firm of Bass, Berry & Sims

Millions of children use the internet almost daily. Cybercrime is a multibillion dollar industry. Around half of teens have been cyber bullied and well over half don't tell a parent when it does occur. Parents should use parental control because their are predators on social media. Also identity theft is very plausible and it will help with time management.

that the online con could gain. Thus, leading to identity theft and using your name for illegal

Throughout history, the swindler has financially plagued society. Whether it is the get rich quick scheme or the carnival worker’s impossible challenge, people have been cheated out of uncountable sums of money. In the 1920’s a man named Victor Ludsig, posing as a French official, sold the Eiffel Tower to a gullible scrap ironworker for $50,000. Even today con artists are thriving using the Internet to borrow from Peter to pay Paul. This is a scheme made famous by a crook so successful that his name now graces the age-old fraud, the Ponzi scheme. Webster’s Dictionary defines

While many people associate Ponzi schemes with pyramid schemes, as they do share some similarities, they vary vastly. They are both type of investments that promise extraordinary returns with very low risk, which is always a tell tell sign of fraud. While they are both actually just feeding existing investors with contributions of new investors, one is actually running a “business”, while the other is just shuffling money around.

Identity theft is when someone, without the consent of the owner, dishonestly uses, or intends to fraudulently use another individual’s personal identity. Personal identifying information can consist of an individual’s name, date of birth, driver’s license number, mother’s maiden name, state identification number, telephone number and other personal information that an individual can be identified with, such as a birth certificate or Social Security number. People who commits this form of fraud is committing a third-degree felony. Proceeding through the system as a victim of identity theft can be an extensive and confusing process. It is important for individuals to keep track of the actions they take and retain a record of their progress, as they contact law enforcement, financial institutions and creditors. If individuals make any decisions regarding their case or decide to talk to investigators without counsel’s advice, they may hurt their opportunity to defend themselves against any identity theft charges.

The roots of advanced fee fraud scams can be traced back to the 16th century during which a con known as the Spanish Prisoner confidence trick was steadily infecting Europe. In its original form, the con man would inform his victim mark that he or someone of close association was a person of great wealth who just happened to be imprisoned in