familiar fraud

Definitions

1. 1

   A type of fraud in which someone fraudulently opens accounts or makes purchases in…

   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.

   • 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.

The neighborhood