Financial fraud involves deceptive practices for illegal monetary gain, deeply affecting individuals, businesses, and economies. This section examines various...
Financial fraud is any deceptive act intended to unlawfully deprive an individual or entity of money, property, or valuable assets, often through misrepresentation or abuse of trust.
Common types include investment scams, identity theft, phishing, credit card fraud, mortgage fraud, elder fraud, and lottery/sweepstakes scams.
Remain skeptical of unsolicited offers, verify identities, monitor financial accounts, use strong, unique passwords, and educate yourself on common scam tactics.
Immediately contact your bank or financial institution, report the incident to relevant law enforcement agencies (e.g., local police, FTC, FBI), and secure all compromised accounts.