FINANCIAL FRAUD

An altered cheque is a cheque that has been tampered with in some way, typically by altering the amount or the signature of the endorsee. There are a number of ways to alter a cheque, including: Smudging the ink: This can be done by dipping a pen or brush into a solvent, such as alcohol, […]

A ponzi scheme is a type of pyramid scheme that relies on recruiting new participants to provide financial returns for existing participants. In a ponzi scheme, new investors are recruited using returns generated by previously recruited investors rather than from genuine goods or services. This scheme is illegal in many countries and involves fraud as […]

Zero Liability Policy A zero liability policy is a marketing strategy or promise that guarantees that a company will not hold customers liable for any losses or damages resulting from the company’s negligence or actions. Explanation: Negligence: In negligence law, a company is responsible for the damages it causes to others due to its actions […]

Appraisal Fraud Appraisal fraud is the illegal act of manipulating the appraisal process to deceive lenders and other stakeholders. It involves making false or misleading appraisals, typically to inflate the value of a property. Types of Appraisal Fraud: Over-appraisal: Inflating the value of a property beyond its true market value. Under-appraisal: Reducing the value of […]