During the monthly management meeting, Joseph Bond, CFE, made a presentation on the various types of fraud. He presented some examples from his prior experience with the FBI as well as other well-known cases.
There are various ways to classify frauds. One classification systems uses several category types such as the following:
- Employee embezzlement
- Management fraud
- Investment fraud scams
- Vendor fraud
- Customer fraud
Search for a fraud/financial crime with sufficient detail to describe the fraud, including the classification. If your example is considered an occupational fraud based on the ACFE fraud tree, identify which category it would fall in and why. If your case does not fall with the ACFE fraud-tree classification, explain why.
Show how the case you selected has the elements of fraud.© BrainMass Inc. brainmass.com April 3, 2020, 9:31 pm ad1c9bdddf
Selection of a fraud case, with analysis from OTA. Web-based resources included, with URL citations.