Fraud

High school (ages 12+)
Safety & Emergency

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/fraud

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is fraud?Fraud is when someone lies or hides the truth to trick another person into giving them money or something valuable. It is a planned act of deception that causes the victim to lose something important.
2. Why is fraud bad for people and society?Fraud hurts people by stealing their money and making them feel sad or scared. It also makes the whole economy less safe because it can raise costs and make people trust each other less.

Intent to Defraud: The deliberate purpose to deceive someone for personal gain or to cause loss.
Ponzi Scheme: An investment fraud that pays existing investors with funds collected from new investors.
Cyber-enabled Fraud: Fraudulent activities that utilize digital technologies and the internet to perpetrate.