Wild Bill, the Hoosier company controller, was involved in a scheme to steal money from his employer. As a result of the investigation, it was determined that he submitted fake company information (i.e., financial statements, bank records, etc.) to a lending bank and obtained a loan for $500,000 on 1/12015. instead of the loan proceeds going into the Hoosier company's operating bank account, Wild Bill directed them to another bank account he controlled titled "Boilermaker company."

the following is a table summarizing activity associated with the fraudulently obtained loan:

Description amount Running balance

Loan funded on 1/1/ 2015 $500,000 $500,000

payment made on 3/31/2015 ($100,000) $400,000

payment made on 3/31/2015 ($100,000) $300,000

Draw made on 7/31/2015 $100,000 $400,000

The payment made of $100,000 on both 3/21/2015 and 6/30/2015 were paid out of the Hoosier company's operating bank account. There were no other draws or payments made on loan after 7/31/2015. On 6/30/2016, the bank sued Hoosier company in civil court for breach of contract because made no further loan payments.

in addition to the unpaid loan balance, the bank believes they are owed the following expenses:

Description amount

Accrued late fees $20,000

Legal Fees Incurred $20,000

Aggravation Fees $60,000

Total $100,000

Answer the following questions, please show or explain your work for any calculations you perform:

1. who is/are the victim(s) of the fraud Scheme? why do you consider them the victim(s)?
2. calculate what you believe the loss to be for the victim(s)?
3. why do you think your loss amount is the best calculation? is there another way to calculate losses? what Arguments would an adversary use to discredit your calculation. (in other words what are the potential weaknesses in your loss calculation)?
4. are there missing pieces of the information that you would like to obtain? if so, what are they and why? would they affect any conclusions you have made? if there are missing pieces of information, what assumptions of any did you have to make?