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In: Accounting

What should you do if you are a victim of fraud?

What should you do if you are a victim of fraud?

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Expert Solution

You should take following steps if you realize you’re a victim of fraud:-

  1. Identify the Type of Fraud i.e Common scams or Identify theft
  2. Report the incident to the financial institution that transferred the money and Close accounts (as needed)
  3. Report the incident to your local police and get a file number for future reference. If you find suspicious activity on your credit report, update your file with the police.
  4. Gather all information about the fraud, including: documents, receipts, copies of emails and/or text messages. Documentation is required to support your case. Even if your allegation doesn’t go to court, you’ll need evidence to support your claims of fraudulent activity.
  5. Depending on the type of fraud, or how it occurred, you'll also want to report it to other organizations. Various entities encourage reporting of fraud schemes so they can investigate them and help educate others

ekkarill92 answered 1 year ago
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