Unauthorized Insurer: Understanding, Mechanics, And Real-Life Example

What is an Unauthorized Insurer? However, engaging with an unauthorized insurer carries significant risks for policyholders. Since these insurers are not regulated or supervised by the authorities, there is no guarantee that they will fulfill their obligations or honor claims. In the event of a claim, policyholders may face difficulties …

Tax Evasion: The Meaning, Definition, And Penalties

What is Tax Evasion and How Does it Differ from Tax Avoidance? Tax evasion refers to the illegal act of intentionally avoiding paying taxes by misrepresenting income, inflating deductions, or hiding assets. It involves deliberate actions to deceive tax authorities and evade the payment of taxes that are legally owed. …

Ponzi Schemes: Unveiling the Definition, Examples, and Origins

Ponzi Schemes: Unveiling the Definition A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. This type of scheme is named after …

Online Shoplifting: Understanding the Methods and Varieties

Methods of Online Shoplifting Online shoplifting refers to the various techniques and strategies employed by cybercriminals to steal goods or services from online retailers without paying for them. These methods are constantly evolving as technology advances, making it crucial for both consumers and businesses to stay informed and take necessary …

Credit Card Dump Definition Examples Protecting Against

Credit Card Dump Definition A credit card dump refers to stolen credit card information that is illegally obtained and then sold on the black market. It typically includes the credit card number, expiration date, and sometimes the cardholder’s name. This information is usually obtained through hacking, skimming, or other fraudulent …