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A clearinghouse scam involves a victim receiving: a. a letter that claims he or she has inherited a significant amount of money. b. mail from a known party who claims to have access to large sums of money
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33 votes
A clearinghouse scam involves a victim receiving: a. a letter that claims he or she has inherited a significant amount of money. b. mail from a known party who claims to have access to large sums of money or assets. c. a letter that falsely claims the writer represents a foreign bank. d. an email containing their Social Security number and/or credit information.

User Viacheslav Ivannikov
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1 Answer

10 votes
10 votes

Answer:

c. a letter that falsely claims the writer represents a foreign bank.

Step-by-step explanation:

A clearing house is a financial institution that should be created for exchanging the payments, securities, or transactions related to derivates. It stands between the two clearing firms. Its motive is to decrease the member risk that failed to honor the trade settlement liabilities

So the clearing house scam includes the victim that collect the letter in which there is false claims where the writer shows the foreign bank

User Matthias Loerke
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