Beau Dietl: What Is Fraud?

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.

Fraud comes in a number of forms, but the online variety seems to be the most common these days. Online fraud is often carried out via email, but it's not the only platform to be aware of. As a matter of fact - and any New York private investigator can agree - social media might be used by fraudsters as well. This isn't to say that this problem is relegated to the Internet, though, as we will get into detail about next.

Fraud exists beyond the digital realm, though, as there are quite a few tangible forms to recognize. Retail fraud is a great example, as it can affect stores of all sizes, from the big names to the mom-and-pop shops in your area. Counterfeit fraud is worth talking about as well, since illegal money is a problem in its own right. Understanding sub-types like these is essential, but what's even more important is recognizing how you can protect yourself.

While fraud is a serious matter, it's one that you can protect yourself from. One of the best ways to do this is by being aware of who you might do business with, either online or otherwise. If you do not find many positive reviews of sellers, chances are that you should conduct business elsewhere. To follow up, make sure that you spread the word of reputable business people. By doing so, you stand a greater chance of helping others avoid financial issues as well.




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