(True and False)
1. Identity theft is the largest type of consumer fraud.

2. Identity theft can result in an individual’s loss of credit.

3. The best way to prevent a fraudster from establishing a preapproved credit card in your name is to destroy all credit card applications as soon as you receive them.

4. Keeping your wallet in your front pocket will help prevent it from being lost or stolen.

5. The Gramm-Leach-Bliley Act states that it is illegal for organizations to share your personal information with any other party or individual.

6. A fraud scam in which the perpetrator, falsely claiming to represent a foreign bank, tries to get victims to invest in nonexistent foreign venture capital companies for high returns is called a clearinghouse scam.

7. Illegal multilevel marketing companies almost always focus their efforts on the recruiting of new members rather than on the selling of legitimate products.

8. Elderly people are more susceptible to chain letter scams than any other type of fraud.

9. The larger the amount requested by a fraudulent telemarketer, the easier it is for him or her to deceive victims.

10. By federal law, no organization or company can sell individuals’ personal information without their express written consent.