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                                                    Fraud Tip-Offs

Fraud: deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage.

Offers may be made:

1. By Phone (a personal unknown but friendly caller who becomes increasing persistent during the call)
2. By mail
3. By adds in a paper or magazine
4. By e-mail
5. By a personal visit to your home or office (most often uninvited)

ARE ALL OF THE FOLLOWING ARE TIP OFFS THAT SHOULD ALERT THE POTENTIAL VICTIM.

1. A quick and easy solution or cure to a problem
2. The solution or cure is unique, secret, and/or available only though the promoter
3. It is the only solution or cure that will work this easy and fast
4. It is a permanent solution and it will help you solve all your other problems
5. It is a breakthrough product, idea, or service that has been ignored or not understood by everyone else, especially the the experts
6. It sounds too good to be true
7. It must be acted upon immediately or you will lose the opportunity to take advantage of the offering

Class Exercises:

1.   Can you think of how you may encounter fraud?
2. What precautions would you take to protect yourself?
3. What would you say to a person who is trying to take advantage of you by a fraudulent act?
4. Who do you think is most likely to be a victim of fraud?