- What is fraud?
- How does fraud affect individuals, consumers, and organizations?
- List and describe the five different types of frauds.
- What is the difference between civil and criminal laws?
- For each of the following, indicate whether it is a characteristic of a civil or 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 is to obtain remedy.
g. Consequences of jail and/or fines. h. Juries may have a less-than-unanimous verdict. - Why was Charles Ponzi so successful with his fraud scheme?
- What are some of the different types of fraud-fighting careers?
- How do employee fraud and management fraud differ?
- Do you think the demand for careers in fraud prevention and detection is increasing or decreasing? Why?
- Why are accurate fraud statistics hard to find?
- Describe the relationship between fraud, net income, profit margin, and the revenue required to make up for fraud losses.
- Why does it usually require trust for someone to be able to commit a fraud?
- In what ways is the Ponzi scam similar to other frauds?
- In your own words describe a CFE. 15. In your own words describe the purpose of the ACFE.