Jack is a crook with an honest face. People easily trust him. Jack works a scam in which he convinces the elderly to invest their life savings in a false company based on false annual reports of highly lucrative returns. He insists that the investment must be in cash to facilitate timely return on investment. Jack is guilty of a crime involving what

Question

Zachary Arellano

Business

24 June, 02:19

Jack is a crook with an honest face. People easily trust him. Jack works a scam in which he convinces the elderly to invest their life savings in a false company based on false annual reports of highly lucrative returns. He insists that the investment must be in cash to facilitate timely return on investment. Jack is guilty of a crime involving what

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Answers (1)

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Alonso Rose · Answer 1

False Pretenses

Explanation:

From the question given, jack is involved in the crime called false pretenses. He receives money by which he mentions things that are not true.

He brings out a false annual reports of profitable returns for a a non existing company or organisation. This representation is false with actual facts.