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Running Head: Fraud d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d
Fraud Scheme: Telemarketing Fraud
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Assessment of fraud
Telemarketing fraud is one of the most common kinds of fraud schemes that have been identified
by the Federal Bureau of Investigation (FBI) that can increase the vulnerability of individuals. In
telemarketing fraud, a fraudster gets touch with the potential victim and pretends be the in to
representative of a legitimate business (FBI - Common fraud schemes). may use a He diverse
range of tactics order in to manipulate the victim to make a payment. In contemporary times,
instances involving telemarketing fraud have become extremely common. have adverse It can an
impact on businesses as as well customers (Xiao, 2015). d
Evaluation of the fraud using the fraud triangle
The fraud triangle that encompasses opportunity, rationalization and motivation has been used to
evaluate telemarketing fraud. using the framework, possible get a comprehensive By it is to
insight into the actions of the fraudster (Kagias, al. 2021). et
Opportunity – The opportunity conduct telemarketing fraud arises due to to the lack of personal
connection between a business and a customer. As interaction takes place digitally, fraudsters get
the opportunity trick their victims into believing that they are contacting them on behalf of a to
company.
Rationalization – Realization revolves around how fraudsters justify their actions while
committing fraud. Some of the common justifications include their financial obligations, which
