Schemes that try to trick people into parting with their money are a crime known as

Schemes that try to trick people into parting with their money are a crime known as consumer fraud.

Consumer fraud refers to illicit activities that involve deceit or trickery and are commited against an individual customer or group of purchasers, leading to financial loss or physical harm. Consumer fraud may occurs in many ways, such as marketing defective products that result in consumer injury or death, publishing false advertisements .