True theft/larceny occurs when someone or something takes money or property or uses it in an illegal way with the intention of profiting from it. This includes financial crimes such as fraud Scamming.
Every year, one in ten adults in the US become the victim of a scam or fraud. Identity theft affects 1.3 million kids each year. Theft of your wallet increases your risk of being a victim of identity fraud more than online fraud does.
Threat and penalty scams—also known as extortion schemes—occur when con artists use threats of harm (emotional or bodily), arrest, legal action, or other demands as leverage.
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