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    Documentations for Fraud Occurrence

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    The Guardian
    An individual is appointed as the guardian overseeing 1.3 million dollars, awarded to the parents of a minor child. The guardian is required to file annual reports with the courts and guardianship tax returns, which he does. The bank statements show the proper balance, less any expenses-$40,000 for a down payment on a house; $25,000 for a van; and other monthly expenses, which are paid for, per the guardianship agreement. All court documents and tax records involving the guardianship are up to date in the court files. During a five year period, all the money is gone. The expenses do not add up to 1.3 million dollars.
    What and how does he remove the funds, with all the documentation, and without anyone knowing a fraud occurred.

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    https://brainmass.com/business/forensic-accounting/documentations-fraud-occurrence-611374

    Solution Preview

    The response addresses the query posted in 433 words with APA references

    //In the following paragraphs, the discussion on the fraud committed by the guardian appointed by the court for monitoring the money of a child is done. There will also be a discussion on the several ways of fraud for stealing money without being noticed.//

    An individual is appointed as the guardian of a minor child to oversee 1.3 million dollars, which is a big amount for committing fraud. The minor child is not able to check the fraud committed by the guardian because he cannot understand the financial aspect of the money monitored by the guardian. There are several ways that can be implemented for committing fraud. The most ...

    Solution Summary

    The expert determines how to remove the funds. The Guardian is determined. The response addresses the query posted in 433 words with APA references.

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