What are some of the common techniques used by fraudsters?

Consumer fraud is a serious problem in the state of New York, and as such, the state has enacted laws to protect consumers from fraudulent behavior. Some of the most common techniques used by fraudsters in New York include: * Identity Theft: This is when someone takes another person’s identity or personal information such as their social security number, date of birth, or bank account information and uses it to open up accounts, take out loans, or purchase items without the person’s permission. * Phishing: This is when a fraudster sends an email and/or text message that looks like it’s from a legitimate company or organization, asking for personal information. This could be anything from their social security number to their bank account information. * Phony Lotteries & Sweepstakes: These are a type of scam where the victim is promised a large amount of money if they pay a fee, or if they provide their financial information. * Fake Charities: These are fraudulent organizations pretending to be real charities and asking for contributions. The money received is not actually used to help people in need. * False Advertising: This is when a business provides false or misleading information to entice customers into making purchases. These could be anything from incorrect descriptions of products to exaggerated health or financial benefits. By being aware of these techniques, consumers in the state of New York can protect themselves from fraudsters.

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What are some of the common techniques used by fraudsters?

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