Outsmarting Investment Fraud Terms and Definitions |
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Scam |
a scheme to make quick money Some people who bought real estate in Florida were part of a swampland scam. |
Fraud |
a practice that induces investors to make purchase decisions based on false information Identity fraud can happen when a hacker gets into your computer. |
Outsmarting |
to get the better of someone or outwit He tried outsmarting the government by not reporting all of his income on his tax form. |
Taken In |
gullible, naive Many investors were taken in by Ponzi schemes. |
Risk |
the chance or probability of loss or injury There is always some risk when investing in the stock market. |
Victim |
a person who is deceived or cheated Many people have been victims of unscrupulous investment practices. |
Perpetrators |
culprits or people who commit crime Perpetrators often use technology and persuasive tactics to commit illegal acts. |
Con Artist |
a person adept at lying, confidence games or swindling The con artist convinced the elderly couple to sign over their life savings. |
Defraud |
to withhold money, rights or property from a person by cheating The company tried to defraud its investors and went bankrupt. |
Debunking |
to expose a claim or assertion as false He successfully invested in an IPO, debunking the myth that you can't make money in this economy. |
Swindle |
to cheat a person out of money or assets He tried to swindle the young couple out of their life savings |