Question

Fraud classification according to victims (Shareholders or debt-holders as victims):

a) Ponzi schemes
b) Insurance fraud
c) Credit card fraud
d) Corporate fraud
e) Pyramid schemes

Answer 1

Fraud classification according to victims refers to categorizing different types of fraud based on who the victims are, such as shareholders or debt-holders.

Step-by-step explanation:

The subject of this question is Business. Fraud classification according to victims refers to categorizing different types of fraud based on who the victims are, such as shareholders or debt-holders. The options provided are different types of fraud schemes:

1. Ponzi schemes: These involve using funds from new investors to pay returns to earlier investors, with little to no actual profit being generated.
2. Insurance fraud: This occurs when someone intentionally deceives an insurance company for personal gain, such as by filing false claims.
3. Credit card fraud: This involves unauthorized use of someone's credit card information to make purchases without their consent.
4. Corporate fraud: This refers to fraudulent activities committed by companies or their employees, such as accounting manipulation or insider trading.
5. Pyramid schemes: These are fraudulent business models that promise high returns to investors by recruiting new participants, rather than through legitimate business activities.

Each of these fraud schemes can have different impacts and consequences for the victims involved.