On behalf of our tax, financial advisory and legal advisory services for our clients, we thank you again for taking the time to advise us on current fraudulent practices and activities. Our business continues to grow despite the impact that COVID-19 and inflation is having on our economy. In fact, the sound and reliable guidance that you and particularly members of ACC 331 provided to address previous concerns is needed more now than ever before.

Requirement 1: 

Based on your experience and insight, help us identify three recent scams that may impact our business. Whether the scam is related to medicine (COVID-19), the Economic Impact Payment (e.g., stimulus check payment) process, identity thief or whatever, please help us help our firm, our employees and our clients.

 

Specifically, help us identify three (3) popular schemes we must try to avoid. For each scam, identify: 

(1) a specific target group or person (e.g. the elderly, retirees, students or anyone), 

(2) specific action steps taken by the scammer(s) or fraudster(s). 

(3) what could be done to avoid becoming a victim.