Unit 4 - Fernando's Fraud Triangle 48 48 unread replies. 48 48 replies. Fernando’s Fraud Triangle...

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Unit 4 - Fernando's Fraud Triangle 48 48 unread replies. 48 48replies. Fernando’s Fraud Triangle is a retail establishment thathas been experiencing lower revenues in the last six months, eventhough sales are up to 21.1 %. Fernando’s sells whatever productsyou want to sell and takes cash, credit cards, and checks. Allthree categories-cash/checks/credit cards-have remained consistentwith no significant increase-while sales are up. There are threeemployees and all have access to the register and can overriderefunds and any other items that need to be charged back. I havenarrowed it down to three employees for you. You have been calledin as the Fraud Examiner to see who has their fingers in the till.Mitch: 47 Years old; 14.2 years with the company/full time employeeRecently divorced/ pays child support for two kids Wages aregarnished by the courts for payment Drives a three year oldJag-u-Ar Just bought a new home Makes $88,282 a year Loves to dressin style Loves the night life Crystal: 31 Years old; 10.8 yearswith the company/full time employee Married/mother of two childrenHusband has a full time job Makes $72,262 a year Drives a four yearold Volvo Recently bought a new home Loves to dress in style Lovesthe night life John: 21 years old; 5.3 years with the company/parttime employee College student/accounting Just bought a four yearold Hyundai Santa Fe Lives with his parents Pays for school Makes$38,282 a year, part time Single Loves to party and dress nice

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Lets first understand the lifestyle of all the 3 employees before we arrive at a conclusion Mitch 14 years as full time in the company brought a house wage is garnished has debt divorced and pays for 2 kids Crystal approx 11 years as full time in the company married with two kids and husband earning good John student part    See Answer
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