Find an example of a financial scam (e.g., Ponzi schemes, telemarketing fraud, and so on).

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For this assignment, write a 3–5-page paper covering the following:

  • Find an example of a financial scam (e.g., Ponzi schemes, telemarketing fraud, and so on).
  • Describe how the scam was conducted and outline its characteristics.
  • Explain why people fall victim to this type of fraud.
  • Identify ways in which people can protect themselves from this type of fraud.
  • Identify ways in which an organization can protect itself from these types of fraud.

Be sure to cite all references will be in APA format.