Problem
Fraudulent commodities
Other Names:
Sale of non-existent commodities Nature:
Each year $1 billion worth of false commodities, securities and merchandise is sold over the telephone. Tens of millions more are sold by newspaper ads, direct mail and door-to-door solicitation. The products include nonexistent gold, bogus oil and gas wells and counterfeit "signed" prints by famous artists.
Broader Problems:
Commercial fraud Strategies:
Trading commoditiesBeing fraudulent Subject(s):
Commerce → MerchantsIndustry → Commodities
Societal Problems → Crime
Related UN Sustainable Development Goals:
Problem Type:
D: Detailed problems Date of last update
04.10.2020 – 22:48 CEST