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TRUE or FALSE In trying to spot signs of financial fraud, questioning the icon refers to...

TRUE or FALSE

In trying to spot signs of financial fraud, questioning the icon refers to being skeptical of the iconic celebrity endorsements a company uses in their advertising.

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Answer #1

True

Celebrity endorsements are increasingly common in today’s digital age. We often see companies use celebrities to promote a product, service or help raise awareness for an event or special cause. Increasingly, some celebrities are endorsing investments or products marketed as investments.

Though it's a responsibility of an investor to go thoroughly through the entire process,but in case of financial fraud questioning is also done to the icon that is celebrity endorsed as before taking such project , he/she had a moral responsibility to check the know abouts of such company or firm.

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