There are four frauds in the following case study. Identify each of the fraud. The final fraud report should be convincing and include the following for each fraud:

The names of the perpetrators

How the perpetrators committed the fraud

The dollar magnitude of the fraud

The personal gain received by the perpetrators from the fraud

In your report you should include evidence to back up your assertion in the four area above.

Case Synopsis Your firm has been hired to conduct a forensic investigation minor league baseball team in Tallahassee, Florida. TBC has never nedy, the the mortgage loan for the training fac of the Tallahassee BeanCounters (TBC), a before been audited. Franklin Ken- employees that the audit is a requirement of the bank, which provided teams owner, has t audit team thatevedcently completed training facility. However, Mr. Kennedy privately tells your received an ithin the company is postmark and no return address. Because Mr. Kennedy lives in his anonymous note (below) in the mail leading him to suspect that someone commng fraud. The envelope, addressed to Mr. Kennedy, had a Tallahassee in Boston, he has entrusted the running of franchise to his lon efficiently until tne associate Phil Ackers. Mr. Kennedy had assumed that things were runn employees of TBC are unaware of the true nature of your engagement. o accommodate whistleblowers and the note a rrived. TBC has no formal procedures t Mr. Kennedy: I think there is something funny going on here at T BC. Numbers that do not add up, lots of whispers in the hallways and closed-door discussions have me suspicious. If I were you I would check it out. A long-time friend Thisi s asked you to focus your invesigation on the last five months (May through September) uring which the training facility was constructed. As you familiarize yourself with the sales, TBC generates funds from parking, fundrais- Kennedy also gives TBC some start-up money at expenses until the team starts earning revenue from games. He with- that money over the course of the season. Operating expenses consist primarily of payroll, equipment programs, and concession inventory. Any fees due to the baseball league, such as franchise fees, are paid by the Boston Sox (Franklin Kennedy's major league team) on behalf of TBC. Payroll is processed by an outside service company. Ocher office expenses are similar to those of most small businesses. tudent Handout (SH)1 provides an organizational chart for TBC. Office manager Ben Hill oversees This is the time period d company, you note that in addition to revenue ing, and sales of concessions and game programs. Franklin the beginning of the season to assist with (bats, balls, etc.), team travel, 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 every me, and the six often socialize together as well. Myrna is happy to talk to you about the other TBC ga employees, especially those in the front office. Below is a summary of Myrna's opinions. Company Overview: Things have changed a lot this last year. Mr. Ackers cut down on excess employees, particularly some of the game-day employees because it's expensive to build a ew training facility. I don't mind because this new building is great. lt's state-of-the-art and I hope it will help us recruit and keep our players in shape. We've had a great season this year, and all of the ladies here would love to see that continue. A lot of people complained during the building because of the mess and there was some tension because Mr. Ackers was n us to be efficient and cut expenses so we could qualify for a good rate on the loan, but we qualified and I think it was worth it. Phil brought in food and drinks for alil of us the day we got the loan and everything was set. It was a lot of fun rtgage 118,021 Case Synopsis Your firm has been hired to conduct a forensic investigation minor league baseball team in Tallahassee, Florida. TBC has never nedy, the the mortgage loan for the training fac of the Tallahassee BeanCounters (TBC), a before been audited. Franklin Ken- employees that the audit is a requirement of the bank, which provided teams owner, has t audit team thatevedcently completed training facility. However, Mr. Kennedy privately tells your received an ithin the company is postmark and no return address. Because Mr. Kennedy lives in his anonymous note (below) in the mail leading him to suspect that someone commng fraud. The envelope, addressed to Mr. Kennedy, had a Tallahassee in Boston, he has entrusted the running of franchise to his lon efficiently until tne associate Phil Ackers. Mr. Kennedy had assumed that things were runn employees of TBC are unaware of the true nature of your engagement. o accommodate whistleblowers and the note a rrived. TBC has no formal procedures t Mr. Kennedy: I think there is something funny going on here at T BC. Numbers that do not add up, lots of whispers in the hallways and closed-door discussions have me suspicious. If I were you I would check it out. A long-time friend Thisi s asked you to focus your invesigation on the last five months (May through September) uring which the training facility was constructed. As you familiarize yourself with the sales, TBC generates funds from parking, fundrais- Kennedy also gives TBC some start-up money at expenses until the team starts earning revenue from games. He with- that money over the course of the season. Operating expenses consist primarily of payroll, equipment programs, and concession inventory. Any fees due to the baseball league, such as franchise fees, are paid by the Boston Sox (Franklin Kennedy's major league team) on behalf of TBC. Payroll is processed by an outside service company. Ocher office expenses are similar to those of most small businesses. tudent Handout (SH)1 provides an organizational chart for TBC. Office manager Ben Hill oversees This is the time period d company, you note that in addition to revenue ing, and sales of concessions and game programs. Franklin the beginning of the season to assist with (bats, balls, etc.), team travel, 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 every me, and the six often socialize together as well. Myrna is happy to talk to you about the other TBC ga employees, especially those in the front office. Below is a summary of Myrna's opinions. Company Overview: Things have changed a lot this last year. Mr. Ackers cut down on excess employees, particularly some of the game-day employees because it's expensive to build a ew training facility. I don't mind because this new building is great. lt's state-of-the-art and I hope it will help us recruit and keep our players in shape. We've had a great season this year, and all of the ladies here would love to see that continue. A lot of people complained during the building because of the mess and there was some tension because Mr. Ackers was n us to be efficient and cut expenses so we could qualify for a good rate on the loan, but we qualified and I think it was worth it. Phil brought in food and drinks for alil of us the day we got the loan and everything was set. It was a lot of fun rtgage 118,021