Fraud victim advocacy, fraud recoginition and prevention education, and law enforcement support

fraud recognition & prevention education, fraud victim advocacy, law enforcement support

Fraud recognition & prevention education, fraud victim advocacy, law enforcement support

                    

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Fraud Secrets:

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Why con artists scam

Profile of a con artist

What con artists look for

How con artists set up their victims

What a con artist won't tell you

What a con artist will tell you

Have I been scammed?

12 excuses for not returning your money

How do I find my money?

Where did my money go?

If you lost your funds in an investment scam, speak to your accountant about a theft deduction.

 

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Prime Rate:

The rate of interest that banks charge their most creditworthy customers.

A bank's prime rate can be based on what it costs the bank itself to borrow money from the Federal Reserve, or it may take other factors into consideration.

In Europe, LIBOR is one of the indicators used to determine prime rate.  EURIBOR is another reference used in today's lending market.

Every bank has a set minimum amount for prime rate loans.  For loans of less than that minimum amount, a bank will charge prime rate plus added interest, thus the phrase "Prime + 1" in this case meaning the interest charged will be the bank's prime rate plus 1%.

 

 

  

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