Of all the forms of finance finance crimes discussed, which do you consider the most serious, and why? Are there any forms of finance crime that you do not think should be considered a crime? If so, why? Solution Fraud and financial crimes are a form of theft/larceny that occur when a person or entity takes money or property, or uses them in an illicit manner, with the intent to gain a benefit from it. These crimes typically involve some form of deceit, subterfuge or the abuse of a position of trust, which distinguishes them from common theft or robbery. In today\'s complex economy, fraud and financial crimes can take many forms. The resources below will introduce you to the more common forms of financial crimes, such as forgery, credit card fraud, embezzlement and money laundering.« Show Less Debit/Credit Card Fraud Debit and credit card fraud also occurs when an individual has an intent to fraudulently obtain money, goods, or services by using the access card of a cardholder who has not authorized its use. Common examples of credit or debit card fraud include using someone else\'s credit or debit card without that person\'s consent, using your own credit or debit card knowing that it has been revoked or expired or that your available balance is less than the purchase price, and using a stolen or fraudulent credit or debit card to receive money, goods or services. Forgery The crime of forgery occurs when, with the intent to defraud, a person executes, alters or publishes a writing without the owner\'s knowledge or consent. This can also happen if s/he fraudulently makes a writing and holds it out to be the work of another. A \"writing\" can include money, coins, credit cards, checks, bank drafts, stock certificates, bonds, wills and deeds. Wire Fraud The crime of wire fraud occurs when someone voluntarily and intentionally uses an interstate communications device (such as a telephone or the internet) as a part of any scheme to defraud another of property, or anything else of value. For example, if you try to sell property you do not own, and in your attempt you use a your smartphone to send an email to someone trying to convince that person to purchase the land, you commit wire fraud. Wire fraud is a federal crime with serious potential consequences. Types of Insurance Fraud Insurance fraud is stealing. Simply put, insurance fraud is lying for the purpose of getting more money from an insurance company, whether it is auto insurance, life insurance, or any other kind of insurance. There are two types of insurance fraud: soft and hard fraud. An example of soft fraud is getting into a motorcycle accident and claiming your injuries are worse than they really are for financial gain. An example of hard fraud would be getting into that same motorcycle accident on purpose so that you can claim the insurance money..

1. Of all the forms of finance finance crimes discussed, which do you consider the most serious,
and why? Are there any forms of finance crime that you do not think should be considered a
crime? If so, why?
Solution
Fraud and financial crimes are a form of theft/larceny that occur when a person or entity takes
money or property, or uses them in an illicit manner, with the intent to gain a benefit from it.
These crimes typically involve some form of deceit, subterfuge or the abuse of a position of trust,
which distinguishes them from common theft or robbery. In today's complex economy, fraud
and financial crimes can take many forms. The resources below will introduce you to the more
common forms of financial crimes, such as forgery, credit card fraud, embezzlement and money
laundering.« Show Less
Debit/Credit Card Fraud
Debit and credit card fraud also occurs when an individual has an intent to fraudulently obtain
money, goods, or services by using the access card of a cardholder who has not authorized its
use. Common examples of credit or debit card fraud include using someone else's credit or debit
card without that person's consent, using your own credit or debit card knowing that it has been
revoked or expired or that your available balance is less than the purchase price, and using a
stolen or fraudulent credit or debit card to receive money, goods or services.
Forgery
The crime of forgery occurs when, with the intent to defraud, a person executes, alters or
publishes a writing without the owner's knowledge or consent. This can also happen if s/he
fraudulently makes a writing and holds it out to be the work of another. A "writing" can include
money, coins, credit cards, checks, bank drafts, stock certificates, bonds, wills and deeds.
Wire Fraud
The crime of wire fraud occurs when someone voluntarily and intentionally uses an interstate
communications device (such as a telephone or the internet) as a part of any scheme to defraud
another of property, or anything else of value. For example, if you try to sell property you do not
own, and in your attempt you use a your smartphone to send an email to someone trying to
convince that person to purchase the land, you commit wire fraud. Wire fraud is a federal crime
with serious potential consequences.
Types of Insurance Fraud
Insurance fraud is stealing. Simply put, insurance fraud is lying for the purpose of getting more

2. money from an insurance company, whether it is auto insurance, life insurance, or any other kind
of insurance. There are two types of insurance fraud: soft and hard fraud. An example of soft
fraud is getting into a motorcycle accident and claiming your injuries are worse than they really
are for financial gain. An example of hard fraud would be getting into that same motorcycle
accident on purpose so that you can claim the insurance money.