A securities fraud involves lying or cheating regarding various investments for personal profits or benefits. It includes misrepresentations, insider trading, etc.
In a pyramid scheme, the fraudsters recruit other individuals promising high returns while not selling a genuine service or product.
People carrying out Advance Fee frauds will ask investors to pay an advance fee to avail various proceeds such as stock, money, etc. They often pretend to be legitimate firms targeting investors who might have lost money previously.
Financial Statement frauds take place when companies overstate their revenue and assets in reports while understating their liabilities.
Asset misappropriation fraud occurs when money is pulled out even before it reaches the company, or when there is unauthorized use of company assets.
Consumer frauds are carried out via several methods, including telemarketing, Ponzi schemes, phishing, etc.
Embezzlement refers to a person who has control over the assets of the company stealing from their employer.
Money laundering refers to moving illegal money through legal channels to cover up the sources.
Identity theft involves stealing someone’s financial or personal information to gain profits without their consent.
It is also a fraud to forge and alter documents, wills and stamps. Visit here to know more about securities fraud.