Question: Using the net worth method, analyze the financial data at the bottom of this page for potential signs of fraud or embezzlement: 1. Do your

Using the net worth method, analyze the financial data at the bottom of this page for potential signs of fraud or embezzlement:
1. Do your results indicate that this person could be committing some type of fraud? If so, why do you think so?
2. What other factors might you consider to determine whether fraud has been committed, other than the final total income from other sources (if any)?
3. Is this scenariorealistic?

YEAR I YEAR 2 YEAR 3 YEAR 4 YEAR 5 $200,000 $200,000 $275,000 $275,000 Stocks and bonds 1 1 Mortgage balance Auto loan balance Income: Expenses: Mortgage loan payments Auto loan payments Other living expenses

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Year 1 Year 2 Year 3 Year 4 Year 5 1 Assets Residence 200000 200000 275000 275000 275000 Automobile 50000 50000 75000 75000 90000 Stocks and Bonds 750... View full answer

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