Reference no: EM132744614

Problem 1: Identify the type of fraud that Sheela Voli was engaged in.

• Hospital administrator Sheela Voli was recently convicted for fraud she committed against her employer, Nadawa Hospital Systems. Over a period of six years, she allegedly made payments to a dummy company for maintenance charges while simultaneously running a scheme with maintenance contractors where she either paid them for work never performed or overpaid them for work. The skyscraper where Sheela worked was only 10 years old. Maintenance charge rose from $5.2 million in 1994 to $16.4 million in 2000. An investigation revealed that she stole a total of $8 million. She was able to quickly repay $3.2 million of the theft from asset recovered by the government, including two homes and a nice yacht. Not bad for a woman who was supposed to be making $90,000 per year.