Corporate Fraud and Internal Control Workbook: A Framework for Prevention

Chapter Four

Frauds Against the Organization

ANSWERS: FILL IN THE BLANKS

1. highly complimentary

2. financial institutions

3. Fraud for profit

4. income, ability to pay

5. Occupancy fraud

6. silent second mortgage

7. preforeclosure

8. buy and bail

9. Document analysis

10. Sudden, unexpected, urgent

11. long firm

12. fraudulent conversion

13. influence

14. break down

15. payoff, head of the queue

16. self-interest, conflict of interest

17. fiduciary relation

18. best interests

19. trade secret

20. noncompete

21. patent, permanently

22. reverse engineering

23. knowingly, intentionally, material

24. off-label

25. higher prices, average price

26. inferior, refurbished, low

27. fixed-price, cost-plus, cross-charging

28. false claims

29. overcharging, nondelivered services

30. adequate recordkeeping, accuracy, completeness

31. borrow, loan proceeds

32. reasonably equivalent value

33. valuable property, equity

34. closed subscriptions

35. independent board, committee members

36. intent, agreement, overt act

37. Lapping

38. Kiting

39. overissue, bogus checks, postdated checks

40. branch, subsidiary

41. allegation

42. counterfeit, individual printer

43. rag

44. Benefit frauds

45. second largest

46. knowingly lies, not entitled

47. obsolete merchandise, unprofitable business subsidiaries

48. life insurance, forged death certificates

49. Whole life, whole life

50. someone else's identity ...