Meaning of familiar fraud | Babel Free
Definitions
A type of fraud in which someone fraudulently opens accounts or makes purchases in someone else's name, in which the victim is a close friend or family member.
Examples
“Familiar fraud cases trace back to family members as offenders, as well as friends, neighbors, coworkers and in-home employees.”
“Addressing, much less prosecuting, familiar fraud is difficult because victims often don't want⟳ to hurt⟳ the fraudster but then wind up with the financial loss.”
“Familiar fraud can be particularly difficult to deal⟳ with as you might not want⟳ to press⟳ charges against a close⟳ friend or family member.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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