Friday, February 26, 2016

Defining Fraud, With Beau Dietl

By Bob Oliver


Fraud is one of those situations that we never want to have happen to us. Unfortunately, for one reason or another, it seems like others fall victim to it and they're unable to determine why. This is a serious problem, to say the least, but there are ways you can defend yourself. One of the most effective, as Beau Dietl and others will tell you, is with knowledge. For this reason, here are a few things that you should know about fraud in general.

If you do not know - and authorities such as Beau Dietl can provide tremendous insight on the matter - fraud is a method of deception. It's used to benefit one party, while the other party suffers, more often than not in the financial sense. Certain scams take place online, but they can be done over the phone and even in person. For this reason, there are quite a few prominent forms of this issue that you should be mindful of.

One of the most common forms, in this day and age, is known as online fraud. Basically, another person can pretend to belong to a reputable company, for the purpose of obtaining another individual's financial information. While this is commonly done through email, it's no less of a problem that a private investigator can draw attention to. However, if you think that the Internet is the only way that fraud can occur today, you'd be mistaken.

You might also want to know about the more tangible forms that exist. Counterfeit fraud is a great example, as the illegal printing or creation of money is a serious problem in its own right. You should also look into retail fraud, which negatively affects stores of all sizes. The tangible forms are worth recognizing, to put it mildly. With that said, there are ways to protect yourself, provided you're willing to read up as much as possible.

In order to protect yourself from fraud in the future, be aware of who you do business with. If you find that a particular seller or market does not have a reputation, or perhaps a sketchy one, behind it, you might be better off sticking to a more reliable source. In addition, if you feel like your financial situation has been compromised in any way, consult your bank. When it comes to your money, it's always in your best interest to go to the source.




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