6: Other Frauds and Scams that Lure Unsuspecting Investors

Have you ever been a victim of a fraud or scam? If so, you probably vividly remember this unpleasant incident. You experienced the pain of losing money and the shame of being duped. Fraud occurs when someone illegally gains something of value from a victim, usually money or property, by deceiving that person. This breach of trust is a serious crime and a violation of civil law. Fraud includes a broader category of wrongdoing than a scam, which is a deceitful scheme usually involving money and some type of business transaction. Thus, a scam is a more minor offense than a fraud and isn’t a legal term. Whether a fraud or a scam, you’ve been victimized and feel violated.