CFE – Financial Transactions and Fraud Schemes — Question 64

Which of the following fraud schemes is MOST LIKELY to target a neighborhood of immigrants?

Answer options

• A. Social control scheme
• B. Affinity fraud
• C. Bait and switch scheme
• D. Advance-fee fraud

Correct answer: D

Explanation

Advance-fee fraud is often targeted at immigrants who may be unfamiliar with local laws and financial systems, making them more vulnerable to scams. In contrast, social control schemes, affinity fraud, and bait and switch schemes typically involve different tactics that may not specifically exploit the immigrant status.