Fraud victim advocacy, fraud recoginition and prevention education, and law enforcement support

fraud recognition & prevention education, fraud victim advocacy, law enforcement support

Fraud recognition & prevention education, fraud victim advocacy, law enforcement support

                    

Silence is fraud's best friend.  Word of mouth is fraud's worst enemy.  Pass the word!TM

 

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Fraud Secrets:

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Why con artists scam

Profile of a con artist

What con artists look for

How con artists set up their victims

What a con artist won't tell you

What a con artist will tell you

Have I been scammed?

12 excuses for not returning your money

How do I find my money?

Where did my money go?

If you lost your funds in an investment scam, speak to your accountant about a theft deduction.

 

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Interest:

The fee charged for a loan.  The cost of borrowing money.  The money you receive if you invest in a stock, bond, or Treasury.  The money you receive when you make a loan.

For instance, banks pay interest on CD's (Certificates of Deposit) to attract investors.  The money deposited by the purchaser of the CD is used by the bank to issue direct loans and to make various loan investments.  

The interest the bank earns on its direct loans and other investments will enable them to pay the interest promised on the CD, on the promised due date (maturity).  

In other words, the interest the CD holder receives is the bank's payment for the use of the deposited funds.  

The same goes for Treasury Bills and Bonds, or any financial instrument that carries a sum of interest at maturity.

 

 

 

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