Please watch this Ted Talk and summarize your thoughts about it. 1. Describe the Fraud Recipes and what is it.
a. The Fraud Recipes are a set of guidelines and techniques used by scammers to commit fraud and deceive people. It includes tactics such as creating a sense of urgency, offering unrealistic promises, and pressuring victims into making impulsive decisions.
b. If the 4 steps discussed by Mr. Black are followed, three things that can be accomplished include: a) Recognizing and avoiding potential scams, b) Protecting oneself and others from falling victim to fraud, and c) Improving overall awareness and understanding of fraudulent tactics.
c. One thing that I found very interesting and had no idea about was the concept of "phantom riches," where scammers use the promise of wealth and success to entice victims into fraudulent schemes. I found this concept intriguing because it sheds light on how effectively scammers manipulate people's desires and aspirations.
d. The 4 steps discussed by Mr. Black provided valuable insight into recognizing and avoiding fraud. It highlighted the importance of being vigilant and informed about potential scams, and I found the practical advice and examples to be very helpful.