When someone seeks investment in a company by knowingly misstating the company's prospects, health, or finances is known securities fraud.(1 point)

Question

Responses

True
True

False
False
Question 2
Insurance fraud is when an individual creates an insurance scheme to improperly collect on an insurance policy.(1 point)
Responses

True
True

False
False
Question 3
A business related scam that fraudulently takes money from investors.(1 point)
Responses

Ponzi Scheme
Ponzi Scheme

Blue Collar Crime
Blue Collar Crime

Fonzi Scheme
Fonzi Scheme

Money Laundering
Money Laundering
Question 4
Moving money between business accounts is known as embezzlement.(1 point)
Responses

True
True

False
False
Question 5
Tax evasion is a crime that affects only businesses.(1 point)
Responses

True
True

False
False
Question 6
Which of the following are ways that white-collar crime impacts society? Choose all that apply.(1 point)
Responses

Lower costs of products for consumers
Lower costs of products for consumers

Higher pay for Employees
Higher pay for Employees

More available jobs
More available jobs

Possible closure of the business
Possible closure of the business
Question 7
An example of external financial fraud is credit card scams.(1 point)
Responses

True
True

False
False
Question 8
Stolen or counterfeit checks are a form of mortgage fraud.(1 point)
Responses

True
True

False
False

Answer 1

Here are the answers to your questions:

1. True - When someone seeks investment in a company by knowingly misstating the company's prospects, health, or finances, it is indeed known as securities fraud.

2. True - Insurance fraud occurs when an individual creates an insurance scheme to improperly collect on an insurance policy.

3. Ponzi Scheme - A Ponzi scheme is a business-related scam that fraudulently takes money from investors.

4. False - Moving money between business accounts is not necessarily embezzlement; embezzlement involves misappropriating funds for personal use.

5. False - Tax evasion is a crime that can affect individuals as well as businesses, not just businesses.

6. Possible closure of the business - The impact of white-collar crime on society can lead to the possible closure of the business. The other options might not be correct as they typically wouldn't apply.

7. True - An example of external financial fraud includes credit card scams.

8. False - Stolen or counterfeit checks are generally not considered mortgage fraud; mortgage fraud typically involves fraud related to loans secured by real estate.

Let me know if you need further clarification or assistance!