What is fraud?

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.

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