1. World problems
  2. Fraudulent commodities

Fraudulent commodities

  • 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.

Strategy

Being fraudulent
Yet to rate

Value

Fraud
Yet to rate

SDG

Sustainable Development Goal #12: Responsible Consumption and Production

Metadata

Database
World problems
Type
(D) Detailed problems
Subject
Content quality
Presentable
 Presentable
Language
English
Last update
May 20, 2022