For each of the following examples, identify whether the fraud is employee embezzlement, management fraud, investment scam,

Question:

For each of the following examples, identify whether the fraud is employee embezzlement, management fraud, investment scam, vendor fraud, customer fraud, or miscellaneous fraud.

1. Marcus bought a $70 basketball for only $30, simply by exchanging the price tags before purchasing the ball.

2. Craig lost $500 by investing in a multilevel marketing scam.

3. The Bank of San Felipe lost over $20,000 in 2018. One of its employees took money from a wealthy customer's account and put i t into his own account. By the time the fraud was detected, the employee had spent the money and the bank was held responsible.

4. The CEO of Los Andes Real Estate was fined and sentenced to six months in prison for deceiving investors into believing that the company made a profit in 2018, when it actually lost over $150 million.
5. The government lost over $50 million in 2018 because many of its contractors and subcontractors charged for fictitious hours and equipment on a project in the Middle East.

6. A student broke into the school's computer system and changed her grade in order to be accepted into graduate school.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fraud Examination

ISBN: 9781337619677

6th Edition

Authors: W. Steve Albrecht

Question Posted: