Examine the following table and respond to the problems according to the instructions at the end: Assume
Question:
Examine the following table and respond to the problems according to the instructions at the end:
Assume you are the lead forensic investigator for a potential fraud case at AJB, Inc. After searching public records and other Internet sources, you accumulate the following financial information for the suspected fraud perpetrator, Jaleesa P. Crimin.
YEAR 1 | YEAR 2 | YEAR 3 | |
Assets: | |||
Residence #1 | $243,000 | $243,000 | $243,000 |
Residence #2 | 138,000 | ||
Stocks and bonds | 15,000 | 30,000 | 57,000 |
Automobiles | 27,000 | 52,500 | 52,500 |
Boat | 34,500 | 34,500 | |
CD | 12,000 | 42,000 | 81,000 |
Cash | 5,670 | 12,150 | 29,160 |
Liabilities: | |||
Mortgage balance #1 | 136,080 | 68,040 | 16,200 |
Mortgage balance #2 | 138,000 | ||
Auto loans | 18,000 | 57,000 | |
Boat loan | 34,500 | 9,000 | |
Income: | |||
Salary | 78,750 | 82,650 | |
Interest/other | 8,730 | 17,790 | |
Expenses: | |||
Mortgage payments | 24,300 | 42,120 | |
Auto loan payments | 9,720 | 9,720 | |
Boat loan payments | 5,670 | 8,100 | |
Other living expenses | 35,640 | 42,060 |
- Determine whether there is a likelihood of fraudulent income based on the review of information you were able to obtain from your Internet search. If there is a likelihood of fraudulent income, calculate the amount. (Hint: calculate potential income from unknown sources based on the unexplained increase/decrease in Jaleesa's assets and liabilities.) You must show how you calculated the amount.
- As the lead forensic investigator, discuss the process that you would take during your interview with Jaleesa to get her to confess. Include specific questions that you would ask, considering the order they should be asked.
Respond to the above Problems a and b. Your response to Problem a must be prepared in an Excel spreadsheet. The Excel spreadsheet for problem a must be submitted along with your response to Problem b in Word document.
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg