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Carding is a term of the trafficking and unauthorized use of credit cards. [1] The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. [2] Activities also encompass exploitation of personal data, [3] and money laundering techniques. [4]
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and treason, and converting the funds into a seemingly legitimate source, usually through a front organization.
This scam occurs when exchanging foreign currency. If a large amount of cash is exchanged the victim will be told to hide the money away quickly before counting it ("You can't trust the locals"). A substantial amount will be missing. In some cases, insisting on counting to make sure the money is all there is the basis for a clever scam.
The price code is a secret retailers have used for years as a way to monitor their inventory - and it could mean the difference in big savings for you.
The hackers can then use this information to smear a business or government agency, sell it on the dark web, or extort money from businesses, government agencies, or individuals. [11] The United States experienced a record number of 1,862 data breaches in 2021, according to the Identity Theft Resource Center's 2021 Data Breach Report.
In 2005, money laundering within the financial industry in the UK was believed to amount to £25bn a year. [5] In 2009, a United Nations Office on Drugs and Crime (UNODC) study [ 6 ] estimated that criminal proceeds amounted to 3.6% of global GDP , with 2.7% (or US$1.6 trillion) being laundered.
The term "racketeering" was coined by the Employers' Association of Chicago in June 1927 in a statement about the influence of organized crime in the Teamsters Union. [2] [3] Specifically, a racket was defined by this coinage as being a service that calls forth its own demand, and would not have been needed otherwise.
Crack baby is a term for a child born to a mother who used crack cocaine during her pregnancy. The threat that cocaine use during pregnancy poses to the fetus is now considered exaggerated. [ 27 ] Studies show that prenatal cocaine exposure (independent of other effects such as, for example, alcohol, tobacco, or physical environment) has no ...