Using the internet, find an example of a fraud scheme that has been reported in the news and answer the following questions:

1. List the reference(s) that you used.
2. Name of the company/organization defrauded.
3. List the fraud scheme(s) that were used.
4. What is the dollar amount of the fraud that was perpetrated?
5. Describe how the fraud occurred.
6. How was the perpetrator(s) caught?
7. What punishment did the perpetrator receive?
8. How can this type of fraud be prevented?