Explain What Constitutes a Confidence Game and Whether a Confidence

question 35

Essay

Explain what constitutes a confidence game and whether a confidence game is theft or fraud. Include in your response several examples of a confidence game.

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Definitions:

Net Adjustment

Modifications made to the net income or net loss of a company to reconcile with cash flow or other financial statements.

Unamortized Patent

The cost of a patent that has not yet been gradually written off against profits over its useful life.

Equity Income

Income earned by an investor through dividends or distributions from equity investments or ownership interests in companies.