Phoney Bank Inspector

An unknown person implies that he/she is a bank representative or working with the police to investigate the misappropriation of money at your bank. Your assistance is required to trap a dishonest bank employee. You are asked to visit your bank and withdraw money from your account. The con artist contacts you after the withdrawal, produces phoney identification and takes possession of your money. You are assured that the money will be deposited to your account within a couple of days... The phoney bank inspector and your money then disappear. Your entire savings can be wiped out within minutes.

Boiler Room Operations

Numerous employees are hired by a con-artist as telephone solicitors to sell products or solicit donations for charitable organizations. The products are frequently of questionable value and the charities are fictitious or, they receive little or nothing. These schemes work well, as each victim consumer is taken for only a moderate amount and they do not usually pursue the issue.

However the small-to-moderate individual amounts add up to thousands of dollars for the boiler room operator.

Be prudent and verify the organization or product before making a commitment.

Vocabulary notes

Words and Grammar

a Write down the verbs from which the following nouns are formed:

deceipt –..... to decive....

promoter.................................. encouragement...................................

distributor............................... recruit..................................................

perpetrator............................. trap......................................................

commitment............................. swindler..............................................

b Write down the word families of the following words:

с Match the English and Russian equivalents:

d Encircle attributes in the following extracts from sentences and write what parts of speech they are expressed by:

the act of deceiving consumers .. (of + gerund)..........................................................................................

increased awareness.....................................................................................................................................

a chain referral scheme...............................................................................................................................

a marketing program....................................................................................................................................

the right to market a particular product.......................................................................................................

overpriced inventories.................................................................................................................................

incentive of allowing the distributors to sell...............................................................................................

sub-distributorships.....................................................................................................................................

the informed consumer................................................................................................................................

e Translate the following words and word combinations into Russian:

no one likes to be swindled to get a full return of money

the unwary to fail to earn profit

to be too ashamed to admit to conceal smth deliberately to take many different forms

f Write out the English equivalents from the text:

независимо от того, велика или....................................................................

мала финансовая потеря....................................................................

привлекать новых членов (пирамиды)....................................................................

капиталовложения на начальной....................................................................

стадии (пирамиды)....................................................................

поймать (в ловушку) нечестного...................................................................

банковского работника....................................................................

все ваши накопления могут ис-...................................................................

чезнуть в одну минуту..................................................................

прежде чем вступать в какую-..................................................................

либо cделку (брать на себя какие-либо..................................................................

обязательства)

g Explain the meaning of the following words in English and write Russian equivalents:

perpetrator of fraud.......................... phoney bank inspector.............................................

con artist........................................... boiler room operator.................................................

promoter – distributor – recruit.....................................................