During the monthly management meeting, Joseph Bond, CFE, made a presentation on the various types of fraud. He presented some examples from his prior experience with the FBI as well as other well known cases.
There are various ways to classify frauds. One classification systems uses several category types such as the following:
Investment fraud scams
Search for a fraud/financial crime with sufficient detail to describe the fraud, including the classification. If your example is considered an occupational fraud based on the ACFE fraud tree, identify which category it would fall in and why. If your case does not fall with the ACFE fraud tree classification, explain why.