Consumer fraud

Consumer fraud are deceptive practices which result in financial losses of consumers. Common fraudulent tactics include false promises and inaccurate claims, as well as outright cheating.What Is Consumer Fraud?consumer fraud, Britannica

Types of consumer fraud The United States Office of the Comptroller of the Currency gives an advice on the fraud related to currency:Types of Consumer Fraud Advance fee fraud Debt elimination fraud Nigerian fraud Cashier's check fraud Fictitious banking High yield investment fraud Personal data fraud; may result in credit or debit card fraud Identity theft Phishing

Other types of consumer fraud include: Bait-and-switch Bank fraud Counterfeit consumer goods Pharma fraud COVID 19 fraud "Snake oil" fraud

Legislation United States The Bureau of Consumer Protection of the United States Federal Trade Commission is established to protect consumers against unfair or deceptive acts or practices in commerce.

The Federal Trade Commission Act is the United states law, which, among other things, prohibits unfair or deceptive acts or practices affecting commerce. In particular, it legally defines the concepts of "unfairness" and "deception" with respect to consumers. Illinois The 1974 Consumer Fraud ActCONSUMER FRAUD ACT supplements the 1965 Uniform Deceptive Trade Practices Act.(815 ILCS 510/) Uniform Deceptive Trade Practices Act of Illinois Statutes

References Consumer fraud: analyzing the problem and ways to solve it (2025) // The international portal «Public Order and Safety»