What are frauds and scams?

By Lexie Tanner 3 years ago

What are frauds and scams?

Types of scams and fraud

  • Phone call scams. Beware of telephone calls claiming to be from the Government of Canada.
  • Prepaid cards, bitcoin, e-transfer payment scams.
  • Email scams.
  • Text messages/instant messaging scams.
  • Mail scams.
  • Common scams aimed at newcomers to Canada.
  • COVID-19 scams and fraud.

What are the three types of frauds?

The 3 Main Types of Fraud

  • Asset misappropriation.
  • Bribery and corruption.
  • Financial statement deception.

What are the consequences of scamming?

Fraud convictions bring with them the possibility of a jail or prison sentence. Though sentences differ widely, a misdemeanor conviction can lead to up to a year in a local jail, while a felony conviction can lead to multiple years in prison. Federal charges can lead to 10 years or more in federal prison.

What are examples of scams?

Common Types of Scams Office of Information Security

  • Gift Card Scams.
  • Phone Scams.
  • Sextortion.
  • Tax Scams.
  • Tech Scams.
  • Other Scams.

What kind of scams are there?

Ten most common types of scams

  1. Advance fee fraud.
  2. Lottery, sweepstakes and competition scams.
  3. Dating and romance scams.
  4. Computer hacking.
  5. Online shopping, classified and auction scams.
  6. Banking, credit card and online account scams.
  7. Small business scams.
  8. Job and employment scams.

What are different types of frauds?

Common Types of Fraud

  • Mail Fraud.
  • Driver’s License Fraud.
  • Healthcare Fraud.
  • Debit and Credit Card Fraud.
  • Bank Account Takeover Fraud.
  • Stolen Tax Refund Fraud.
  • Voter Fraud.
  • Internet Fraud.

Can you go to jail for online scamming?

Online Fraud, Hacking and Phishing in California Most online fraud or cyber crimes are known as “wobblers;” they may be punished as either misdemeanors or felonies. The term of imprisonment may be served in county jail for up to three years.

What are the most common phone scams?

10 Most Common Phone Scams to Look Out For

  • Fake charity appeals.
  • Lottery scams.
  • Family members in peril.
  • Bank fraud calls.
  • Insurance, health care and debt scams.
  • Website password requests.
  • Fake customer requests.
  • Other urgent requests.