Financial Exploitation

2 words in this vocabulary list

noun A person or organization that engages in loan sharking

  • Loan sharking is considered illegal and unethical in most countries.
  • I heard that Tony got involved in loan sharking to make some quick cash.
  • Stay away from those guys, they're known for their loan sharking activities.
  • The company's high interest rates felt like a form of loan sharking to its customers.

noun a type of fraud that occurs when a scammer deceives someone into believing they are in a romantic relationship in order to gain financial advantage

  • Romance fraud is a serious crime that involves deceiving someone into a fake romantic relationship to scam them out of money.
  • Watch out for romance fraud on online dating sites, where scammers pretend to be interested in a relationship just to steal your money.
  • Don't fall for that romance fraud scheme, it's just a way for scammers to take advantage of people looking for love.
  • The rise of romance fraud serves as a cautionary tale about the dangers of trusting strangers with your heart and your wallet.