The case study below contains four frauds. Identify the frauds and write final report. The final report should include the following:
Names of perpetrators
How the perpetrators committed the fraud
The dollar magnitude of the fraud
The personal gain received by the perpetrators from the fraud
The report should be convincing and include the evidence to backup your assertion for each fraud area above. You can find evidences in documentation and information from attachments below.
Case Synopsis r firm has been hired to a minor league baseball team in Tallahassee, Florida. TBC has neve nedy, the team's owner, has told he mortgage loan for the recently completed training facility audit team that he received an within the company is fraud conduct a forensic investigation of the Tallahassee BeanCounters (TBC), a r before been audited. Franklin Ken- employces that the audit is a requirement of the bank, which provided . However, Mr. Kennedy privately tells your anonymous note (below) in the mail leading him to suspect that someone committing fraud. The envelope, addressed to Mr. Kennedy, had a Tallahassee ddress Because Mr. Kennedy lives in Boston, he has entrusted the running of time associate Phil Ackers. Mr. Kennedy had assumed that things were running oue arrived. TBC has no formal procedures to accommodate whistleblowers and the stmark and no return a this franchise to his long-time ciently until the note Pl effi employees of TBC are unaware of the true nature of your engagement I think there is something funny in the hallwa A long-time friend. going on here at TBC. Numbers that do not add up, lots of whispers nd closed-door discussions have me suspicious. If I were you I would check it out Thisis wner has asked you to focus your investigation on the last five months (May through September) This is the time period during which the tr company, you note that in addition aining facility was constructed. As you familiarize yourself with the to revenue from ticket sales, TBC generates funds from parking, fundrais- nklin Kennedy also gives TBC some start-up money at oncessions and game programs. Franklin Kennedy also gives TBC some start-up money e season to assist with expenses until the team starts earning revenue from games. He with t money over the course of the season. Operating expenses consist primarily of payroll, equipment ats, balls, etc.), team travel, programs, and concession inventory. Any fees due to the baseball league, such as hise fees, are paid by the Boston Sox (Franklin Kennedys major league team) on behalf of TBC. Payrol ra is processed by an outside service company, Other office expenses are similar to those of most small businesses. Student Handout (SH)1 provides an organizational chart for TBC. Office manager Ben Hill oversees daily operations of the organization. Michelle Shelton provides support for management and handles most of the bookkeeping, including accounts payable, cash receipts, and equipment purchase orders. Candace Candie) Larson, receptionist, answers phones and compiles time sheets for processing. Julie Roper, as- sistant to the president, assists with donor relations and is also responsible for concessions ordering and inventory as well as accounts receivable collections. President Phil Ackers oversees fundraising activities and supervised the building of TBC's newly completed training facility To familiarize yourself with TBC, you attend a night game and chat with some of the employees. The three women who work in the ticket booth seem particularly eager to chat. Myrna Myers, their supervisor, tells you the three women have worked together in the booth for 20 years. Their husbands come to eve game, and the six often socialize together as well. Myrna is happy to talk to you about the other TBC employees, especially those in the front office. Below is a summary of Myrna's opinions Case Synopsis r firm has been hired to a minor league baseball team in Tallahassee, Florida. TBC has neve nedy, the team's owner, has told he mortgage loan for the recently completed training facility audit team that he received an within the company is fraud conduct a forensic investigation of the Tallahassee BeanCounters (TBC), a r before been audited. Franklin Ken- employces that the audit is a requirement of the bank, which provided . However, Mr. Kennedy privately tells your anonymous note (below) in the mail leading him to suspect that someone committing fraud. The envelope, addressed to Mr. Kennedy, had a Tallahassee ddress Because Mr. Kennedy lives in Boston, he has entrusted the running of time associate Phil Ackers. Mr. Kennedy had assumed that things were running oue arrived. TBC has no formal procedures to accommodate whistleblowers and the stmark and no return a this franchise to his long-time ciently until the note Pl effi employees of TBC are unaware of the true nature of your engagement I think there is something funny in the hallwa A long-time friend. going on here at TBC. Numbers that do not add up, lots of whispers nd closed-door discussions have me suspicious. If I were you I would check it out Thisis wner has asked you to focus your investigation on the last five months (May through September) This is the time period during which the tr company, you note that in addition aining facility was constructed. As you familiarize yourself with the to revenue from ticket sales, TBC generates funds from parking, fundrais- nklin Kennedy also gives TBC some start-up money at oncessions and game programs. Franklin Kennedy also gives TBC some start-up money e season to assist with expenses until the team starts earning revenue from games. He with t money over the course of the season. Operating expenses consist primarily of payroll, equipment ats, balls, etc.), team travel, programs, and concession inventory. Any fees due to the baseball league, such as hise fees, are paid by the Boston Sox (Franklin Kennedys major league team) on behalf of TBC. Payrol ra is processed by an outside service company, Other office expenses are similar to those of most small businesses. Student Handout (SH)1 provides an organizational chart for TBC. Office manager Ben Hill oversees daily operations of the organization. Michelle Shelton provides support for management and handles most of the bookkeeping, including accounts payable, cash receipts, and equipment purchase orders. Candace Candie) Larson, receptionist, answers phones and compiles time sheets for processing. Julie Roper, as- sistant to the president, assists with donor relations and is also responsible for concessions ordering and inventory as well as accounts receivable collections. President Phil Ackers oversees fundraising activities and supervised the building of TBC's newly completed training facility To familiarize yourself with TBC, you attend a night game and chat with some of the employees. The three women who work in the ticket booth seem particularly eager to chat. Myrna Myers, their supervisor, tells you the three women have worked together in the booth for 20 years. Their husbands come to eve game, and the six often socialize together as well. Myrna is happy to talk to you about the other TBC employees, especially those in the front office. Below is a summary of Myrna's opinions
