Types of Fraud

Question 1

Types of Fraud

Answer 1

Mail fraud, fake charities, identity theft, and business fraud.

Question 2

Identity Theft

Answer 2

Identity theft is when someone uses your personal information without your permission. Thieves may open bank and credit card accounts in your name, make purchases using your credit card, steal your tax refund, or even get medical care using your health insurance.

Question 3

Service on Account

Answer 3

The invoicing of services on account means that an amount of money will be owed by the customer to the business, and this is referred to as a trade accounts receivable or trade debtor.