1. FRAUD EXAMINATION ALBRECHT, ALBRECHT, & ALBRECHT Consumer Fraud Chapter 14

2. Learning Objectives 1.Understand the seriousness of consumer fraud. 2.Define what consumer fraud is. 3.Classify the various types of consumer fraud. 4.Know how to prevent consumer fraud. 5.Understand identity theft. 6.Describe foreign-advance fee scams.

3. Learning Objectives 7.Recognize work- at-home fraud schemes. 8.Identify telemarketing fraud. 9.Understand the various investment scams.

4. How much of a threat is consumer fraud?

5. Define Consumer Fraud and Identity Theft  Consumer Fraud-  Identity Theft

6. How do identity theft perpetrators commit fraud?

7. What are the three stages of identity theft?

8. How can you get access to personal information?

10. How can you get access to personal information? (cont’d)

11. How do you minimize your risk?

12. How do you minimize your risk? (cont’d)

15. What do you do after your identity has been stolen?

16. What do you do after your identity has been stolen? ( cont’d)

19. What are some other forms of consumer fraud?

20. What are some other forms of consumer fraud? (cont’d)