After Edie Solicits Clients to Invest in a Nonexistent Business,she

question 63

Multiple Choice

After Edie solicits clients to invest in a nonexistent business,she is charged with "mail fraud." This requires,among other things,

• A)claiming that an item is "in the mail" when it is not.
• B)deceiving postal authorities as to the content of an item of mail.
• C)depositing items in the postal system without proper postage.
• D)mailing or causing someone else to mail a writing.

---

Definitions:

Trust Fund

A legal entity that holds and manages assets on behalf of another person or group, often used for estate planning or to distribute assets according to the trust creator's wishes.

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment’s cost.

Scholarships

Financial awards given to students based on academic or other achievements to support their education.

Present Value

The valuation now of money anticipated in the future or continuous cash flows, when calculated with a specified return rate.