Ponzi schemes - Study guides, Class notes & Summaries

Unit 7 Modeling and Practice Guide Part 1: Vocabulary Directions: Make sure you understand and could explain each term in your own words. Optional: Write out definitions or make flashcards for ter ms you are struggling with or want to study more. ● Insurance ● Insurability ● Deductible ● Premium ● Coverage Limits ● Shared Liability ● Asset Protection ● Risk ● Truth in Lending Act ● Consumer Protection Legislation ● Identity Theft ● Investment Scams ● Pyramid Schemes ●...

WISE Review Latest Update Graded A+ sources of income wages gifts government benefits capital gains exemption a deduction allowed by law to reduce the amount of income that would otherwise be taxed liquidity the ease in which an asset can be bought or sold ex. cash, stocks/bonds, checks, gold/precious metals, checking and savings acounts gift cards a card with a specified amount of credit on it redeemable at a specific store discretionary income/budget surplus the amount of income left for s...

1. Research has shown that ______ detect most frauds. a. Auditors b. Customers c. Vendors d. Employees ANSWER: d FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large. b. Incorrect. Customers can also detect fraud, but they are not the most effective resource. c. Incorrect. Vendors can also detect fraud, but they are not the most effective resource. d. Correct. Emplo...

Criminology: Types of Crime Questions and Answers 2023 White Collar Crime (WCC) Committed by people of high social status or respectability in the course of their occupation; non-violent usually. Examples of WCC In commercial situations for financial gain/motivation. There's credit card and bankruptcy fraud, embezzling, tax evasion, Ponzi schemes and forgery. 3 Types of WCC Organised, Corporate and Professional. What is ORGANISED WCC? Planned and controlled by an organ...

Felonious homicides - Answer are treated and punished as crimes of murder and manslaughter. Non-felonious homicides - Answer may be justifiable, such as the necessary killing of another person in the performance of a legal duty, or excusable, such as during the act of self-defense or in non-negligent accidents. The Crime Classification Manual - Answer was developed by the FBI to identify motivational models for the classification of homicide. The four major categories are criminal enterpri...

debtor-creditor relationship A debtor is someone who owes a financial obligation (a "debt") to another, known as the creditor. Interest must be charged. affinity fraud - Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups. - The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. - Many affinity scams involve Ponzi or Pyramid scheme...

DECA Finance Exam 2023 with complete solution debtor-creditor relationship A debtor is someone who owes a financial obligation (a "debt") to another, known as the creditor. Interest must be charged. affinity fraud - Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups. - The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. - Man...

DECA Finance Exam 2023 with complete solution debtor-creditor relationship A debtor is someone who owes a financial obligation (a "debt") to another, known as the creditor. Interest must be charged. affinity fraud - Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups. - The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. - Man...

debtor-creditor relationship A debtor is someone who owes a financial obligation (a "debt") to another, known as the creditor. Interest must be charged. affinity fraud - Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups. - The fraudsters who promote affinity scams frequently are - or pretend to be - members of the group. - Many affinity scams involve Ponzi or Pyramid scheme...

DECA Finance Exam Questions and Answers Already Graded A debtor-creditor relationship A debtor is someone who owes a financial obligation (a "debt") to another, known as the creditor. Interest must be charged. affinity fraud - Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups. - The fraudsters who promote affinity scams frequently are - or pretend to be - members of the gr...