Reference no: EM131717322
Question - Please analyze the fraud case scenario below. Do a research and 6 PowerPoints slides using the fraud triangle on Joe
Fraud Scenario
Recently two employees who sit next to each other at XYZ Company, a very large health insurance company, were complaining to each other that they were victims of identity theft. Both employees had fraudulent checks drawn on their personal bank accounts. In both instances, the fraudulent checks that were drawn on the employees' accounts contained each employees', both females, maiden names. Both employees only used their maiden names at work.
It was subsequently discovered by internal investigators at XYZ Company that over forty additional employees had reported the same recent problems with fraudulent checks being drawn on their personal bank accounts.
All victim employees were interviewed.
All had maintained flexible spending accounts with a direct deposit feature on their accounts. XYZ Company is both the administrator for Flexible spending accounts, as well as the employer for the victims and suspects.
You, the Certified Fraud Examiner, have narrowed the field down to five possible subjects:
1: Stephanie
42 YOA/13 years with the company/Makes $47,000
Recently widowed, husband of 22 years died last year
4 children, 1 in college, 3 in middle and high school
Bought house 6 years ago
Drives a 2015 Honda Odyssey
Spends most free time taking children to sports activities
Very outgoing, life of the party
Customer Service Representative
2: Rob:
24 YOA/4 years with the Company/Makes $28,000
Single, 9 months old child and 1 year old child
College dropout after losing basketball scholarship due to injury
Might be dating someone at work (against company policy)
Drives a loaded 2016 Chevy Camaro and enjoys showing it off to the guys at the car club
Enjoys fancy restaurants, clubs, and parties
Lives by himself in a small apartment after moving out of his ex's about a year ago
Works within Marketing Department as Social Media Marketing assistant
3: Joe:
50 YOA/25 years with the Company/Makes $75,000
Married, father of 4, two in college and two in high school
Multiple girlfriends
Drives a 2017 Ford Expedition
Has lived in the same home for 20 years
VP of Human Resources
Very social both at work and outside the workplace
4: Billy
38 YOA/15 years with the Company/Makes $51,000
Married 9 years
Father of two, both in grade school
Bought house 8 years ago
Drives a 2009 Buick Lacrosse
Very shy, prefers to keep to himself
Avid golfer, travels all around the region to play
Customer service representative who recently transferred from human resources
5: Amber:
25 YOA/2 years with the Company Makes $30,000
Never been married, no children
Recently started dating someone
Moved into her first apartment six months ago
She has a difficult relationship with her mother and step-father
Enjoys her new-found independence
Outgoing/Likes to Party with friends
She wants to go to college and become a director of human resources
Customer service representative with the company that assists the human resources department with various monthly tasks
Drives a 2013 Toyota Prius