(True and False) 1. Once an identity theft victim has reported a fraud to the FTC, the...

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(True and False)
1. Once an identity theft victim has reported a fraud to the FTC, the FTC will help a victim contact the FBI, Secret Service, and local police to coordinate an investigation.

2. The National Processing Company was given authority by the FTC to pre-register consumers for the do not call registry.

3. Pyramid organizations eventually fail, causing all but a few investors to lose their investments.

4. Congress outlawed pyramid organizations in the United States in 1934.

5. Consumer fraud only affects those who often use credit cards online.

6. Only stupid people who are not careful are victims of consumer fraud.

7. Because it is impossible to “market” at an assortment of levels, every multilevel marketing scheme is fraudulent.

8. A discarded tax return has enough information to steal someone’s identity.

9. Since a Social Security card does not contain your photo, it is impossible to have your identity stolen by merely losing your Social Security card.

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Fraud examination

ISBN: 978-0538470841

4th edition

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

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