(True and False)
1. A Ponzi Scheme is considered to be a type of investment scam.

2. Most people agree that fraud-related careers will be in demand in the future.

3. In civil cases, fraud experts are rarely used as expert witnesses.

4. Many companies hide their losses from fraud rather than make them public.

5. The only group/business that must report employee embezzlement is the federal government.

6. Advances in technology have had no effect on the size or frequency of fraud.

7. Fraud losses generally reduce a firm’s income on a dollar-for-dollar basis.

8. The single most critical element for a fraud to be successful is opportunity.