Protecting Your Financial Security 2.02 Web link Treasure Hunt B

Name Period Class PERF

Objective: Students will understand the need to protect their financial information and recognize scams. Students will utilize reading, writing, & technology skills to enrich their understanding.

Directions Complete header with name, period, class. Save to your network name as “Your name – 2.02 Web link B”. Go to the noted web links and answer the question using RED font for your responses. Use complete sentences in your own words for your answers. Do not just copy and paste. Refer to your class notebook or other websites as needed.

  1. website has been removed! Skip this one)
  2. How old is financial fraud?
  3. List the 9 guidelines suggested “to reduce the risk of imprudent investment as well as fraud”.
  4. What does imprudent mean? If you do not know, look it up!
  1. choose FINANCIAL LITERACY UPDATE, under FACT SHEET choose Solar Energy Tax Credits.
  2. What level of government offers the tax credit?
  3. Which of the following receive credit?
  4. Solar power heating a swimming pool
  5. Solar power heating a home
  6. In the 7 most common scams, how does a pyramid work?
  7. Why is Bernie Madoff famous? (may need to research on separate websites)
  8. news & publications, choose How to Raise a Money $mart Child, download the PDF document. Save this file under your network name as “MoneySmart Child”. We will use this document in an upcoming objective. In the yellow text box, type yes when you complete this step.
  9. Who sponsors this publication (not just initials)?
  10. Name 5 sources of investment pitches.
  11. What is the common link of all victims?

In Characteristics of a Swinder:

  1. Why does the swindler want to be your friend?
  2. Why would the swindler ask for your credit card?
  3. Why would the swindler offer to pick up your money?
  4. What is the exception to investments with “absolutely no risk”?

In Common Types of Investment Fraud:

  1. What does the term “lucrative” mean in the Pyramid/Ponzi scheme?
  2. Online investment letters, emails, & online bulletin boards use the “pump & dump” method to sell what type of investment?
  3. Who does affinity fraud target?
  4. What does “affinity” mean?
  5. Name 10 tips from “How to Avoid Becoming A Victim”

Under Resource Library choose tips, Computer/Internet, open Social Networking.

  1. Who is the nation’s consumer protection agency?
  2. How do sites limit access?
  3. What private information should you not post online?
  4. Since you cannot take information back once posted, what adults might be influenced negatively by your posted information in the future?
  5. Should you post your photo? Why or why not?
  6. What organization of the FTC can help you be safer online?
  7. Who sponsors the Internet Keep Safe Coalition?
  8. Who is i-SAFE designed to empower?
  9. What is the slogan of McGruff, the crime dog of the National Crime Prevention Council?
  10. What is the purpose of the WiredSafety.org ?
  11. What does the FTC do with Internet, telemarketing, identity theft, and other fraud-related complaints?