Bob is a young business student at the University of Delaware, who works part-time as a financial adviser at a local credit union. Bob has been married a little over two years. Bobs wife is currently taking care of their newborn son, while Bob finishes up school. Bob is well liked by all those who know him. In fact, those who know Bob would describe him as outgoing, funny, and very intelligent.

At the credit union, Bobs primary responsibilities are to set up new accounts, make initial loan interviews, and work as a teller. While at work, Bob always appears to be working hard and rarely misses work (even for vacations). Often times, Bob is the first one to volunteer to stay late and look over accounts or help clean up.

Over the last four months, Bobs credit union supervisor has noticed that Bob has been making some interesting purchases. Four months ago, Bob purchased a big screen 3D television and has frequently invited other coworkers to watch 3D movies at his home. One month ago, Bob bought three new wool suits, which he frequently wears to work. Two months ago, Bob traded in his old car for a new Lexus SUV. When asked where he was getting the money for these purchases, Bob humorously responded, I guess people are right when you die, you cant take it all with you. However, it sure was nice they left it with me. This was an allusion to the fact that a wealthy grandmother recently passed away and left Bob (her favorite grandson_ a significant inheritance.

Also, the supervisor has recently heard some of the new customers complaining their balances are off by $20, $30, and even $50.

Required:

What fraud symptoms are present in this scenario?

Is it possible to know from the information above that Bob is committing fraud at the credit union?

What is one reasonable action the supervisor could do if he or she suspected Bob as a fraud suspect?

Assuming that the credit union decides to investigate further, calculate Bobs net worth and income from other sources using the following data:

Financial Data for Bob
	Month 1	Month 2	Month 3
Assets:
1996 Car	$1,000
2008 Lexus		$45,000	$45,000
Savings account	3,000	6,000	7,000
Checking account	600	800	500
Certificate of deposit	2,000	2,000	2,000
Laptop	2,500	2,500	2,500
Television			4,000
Liabilities:
Auto loan		44,400	43,800
Income:
Salary	1,000	1,000	1,000
Other	300	300	300
Expenses:
Rent payments	700	700	700
Small expenditures	130	130	130
Auto loan payments		600	600
Other living expenses	400	700	800