Protection Flashcards
(5 cards)
1
Q
How many people are estimated to be missing out on the Attendance Allowance (AA)?
A
1.1m
2
Q
The Poyais scam was where a man called ___ invented a ___ called Poyais on the coast of the Honduras coastline and then sold $___ worth of “Poyais bonds” after misleading investors by telling them it was rich in resources when it was actually a wasteland.
A
- Gregor Macgregor
- fictitious country
- £1bn
3
Q
What is an advance fee scam?
A
When you pay a small upfront fee with the promise of receiving a share of a much larger sum later
4
Q
What is a pump & dump scam?
A
When you persuade someone to invest in something worthless, pumping up its price, then you dump your stock when its at its peak.
5
Q
What is a Ponzi scheme scam?
A
Where early investors are paid with money from new investors.
