3-5 pages
Choose 1 Mortgage Fraud prosecution and answer the following:
- Please provide a summary of the case
- Please identify all legal statutes US DOJ applied to prosecute the case
- Please highlight prevention techniques
Prevention Strategies
•Implement and enforce official written Anti-Fraud policy and procedures: See the sample from ACFE.
•Implement a code of conduct (See the guideline from Queensland Government Australia)
•Implement Thorough employee fraud awareness training
•Enforce Rigorous hiring practices
•Enforce strict segregation of duties
•Enforce Clear-Cut Delegation of Authority
•Separate Bad Credit from Loan Fraud
- Please discuss which prevention/detection technique would have been effective in the case case and why
It is also encouraged that you use a proactive detection or prevention approach, l