A long firm (also known as a consumer credit fraud)[1] is a trading company set up for fraudulent purposes; the basic operation is to run the company as an apparently legitimate business by buying goods and paying suppliers promptly to secure a good credit record;.[2] Once they are sufficiently well-established, the perpetrators then purchase the next round of goods on credit and decamp with both the goods and profits from previous sales. The goods can then be sold elsewhere.[3] The procedure needs a certain amount of money to set up, often the proceeds from another crime or a previous long firm.
Long firm frauds have become significantly less common in recent years since it is no longer possible to operate for any length of time without leaving a significant paper trail.
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| Terminology |
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Notable scams and
confidence tricks |
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Internet scams and
countermeasures |
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| Pyramid and Ponzi schemes |
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| Confidence tricks in the media |
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| Financial-related |
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| Business-related |
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| Family-related |
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| Government-related |
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| Other types |
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