Can you please help me with this? Find The Fraud—Crack the Case The news is fill
ID: 346392 • Letter: C
Question
Can you please help me with this?
Find The Fraud—Crack the Case The news is filled with financially fraudulent fiascos and some of the most high-profile, high-stakes cases are handled by the Federal Bureau of Investigation. The FBI has more than 2,000 accountants on its payroll. While some focus on more conventional finance and accounting functions, even more use their accounting know-how to investigate financial crime and help put bad guys behind bars. It’s a tough job, but fascinating. YOUR TASK: Research a financial fraud case that the FBI solved that interests you. Not sure where to start? Try www.wsj.com, www.nytimes.com or www.forbes.com.
Once you have identified a case, answer the following questions and be prepared to share your answers with the class:
1. Describe the basic details of the case. What was the crime? When did the crime(s) occur? Where? Who was involved? What was the outcome?
2. Why was the FBI involved vs. local police?
3. Why would accountants be essential to solving this case?
4. What ethical dilemmas may the accountants involved in this case need to consider?
5. List 3 accounting skills that the accountants involved in the case would have needed to demonstrate to succeed in solving this case.
6. If you were assigned to this case, what would be most challenging about working on this case?
THANK YOU
Explanation / Answer
Business fraud - Dishonest, and, illegal activities
Mortgage Fraud Scheme $30 Million Fraud Scheme
Properties in Clifton, Jersey City, and, Union
Greenberg, Acting US Attorney for South District of Florida; Robert Lasky, FBI;
FBI pursues the cases that endanger the stability of our banking system; safety of personal information, and, assets; cases involving organized criminal groups, and, cases with community impact.
Laureti convicted of conspiracy to commit wire fraud;
Case's significance: Mortgage frauds jeopardize the country's financial institutions
Mortgage fraud scheme for personal enrichment;
Fraud in condominium buying
Accounting:
Accounting issues
The most difficult aspect