Miguel Reprogrammed a Smartphone So That It Intercepted Electronic Funds

question 36

Multiple Choice

Miguel reprogrammed a smartphone so that it intercepted electronic funds transfers and rerouted them to his bank account.What crime has he committed?

• A)insurance fraud
• B)wire fraud
• C)mail fraud
• D)embezzlement

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Definitions:

Federal Trade Commission

An independent agency of the United States government, established in 1914 to prevent unfair methods of competition and unfair or deceptive acts or practices in commerce.

U.S. Economy

The economic system of the United States, characterized by private enterprise, diverse industries, and global trade relations.

Truth in Lending Act

A U.S. federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost.

Consumer Credit Advertising

Marketing efforts aimed at promoting credit transactions to consumers, regulated to ensure fairness and transparency.