BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors.

Detailed explanation-2: -Types of Financial Crimes: Investment Fraud This type includes selling investments or securities with false, misleading information. It could be false promises, hiding facts, and insider trading tips. Mortgage and Lending Fraud A third-party may open a mortgage or loan using your information or using false information.

Detailed explanation-3: -Fraud is another category of theft. A person commits fraud when they obtain something of monetary value through deception. Convincing people to give you money under false pretenses, such as the “Nigerian Prince” email scam, is fraud. Lying about your income or employment to obtain a mortgage loan is fraud.

Detailed explanation-4: -The scam itself is a way to electronically launder money obtained from online scams and fraud or from crimes such as human and drug trafficking.

Detailed explanation-5: -Fraudulence is telling lies or hoaxing people in some way. One example of fraudulence might be pretending to be a police officer, and another is claiming to have the ability to communicate with people who have died, especially if you’re taking money from relatives who hope to send them messages.