Questions & Cases

Discussions Questions

  1. What is fraud?
  2. How does fraud affect individual’s consumer and organizations?
  3. List and describe the five different types of frauds?
  4. What is the difference between civil and criminal laws?
  5. For each of the following indicate whether it is a characteristic of a civil a criminal case.

A: Jury may consist of fewer than 12 jurors.

B: Verdict must be unanimous

C:  Multiple  claims may be joined in one action

D: ‘’Beyond a reasonable doubt.“

E: Purpose is to right a public wrong.

F: Purpose I to obtain remedy.

G: Consequences of jail/ or fines

H: Juries may have a less-than unanimous verdict

6: Why was Charles Ponzi  so successful with his fraud scheme?

7: What are some of the different types of fraud fighting shames?

8: How do  employee fraud and management  fraud differ?

9: Do you think the demand for careers in fraud prevention and detection is increased or decreased? Why?

10: Why are accurate fraud statistic hard to find?

11: Describe the relation between  fraud new income profit margin and the revenue required to make up for fraud losses?

12: Why does it usually require trust for someone to be able to commit a fraud?

13: In what ways is the Ponzi scam similar to other frauds?