Choice and Challanges
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Level: Basic. Program knowledge level most beneficial to CPAs new to a skill or an attribute. These individuals are often at the staff or entry level in organizations, although content may be of interest to seasoned professional looking to enrich ethical decision-making skills.
CPE Credit: 1.5 credits in Behavioral Ethics
Mortgage fraud is a serious crime that impacts individuals and the national economy. According to the FBI, mortgage fraud schemes typically involve material misstatements, misrepresentations, or omissions relating to a real estate transaction which are relied upon by one or more parties to the transaction.
This e-case explores the story of a former entrepreneur from the mortgage industry who found himself entangled in a multi-million dollar mortgage fraud case. Although his intentions were to protect his business, his failure to make appropriate business decisions led him to spend several years in federal prison.
1. Define key features and evolutions of the mortgage industry.
2. Identify characteristics of white-collar fraud offenses.
3. Identify mortgage-related fraud schemes.
About the Author:
Kelly Richmond Pope, Ph.D., CPA is an expert in the field of white-collar crime. She is a co-author of The A.B.C.'s of Behavioral Forensics: Using Psychology to Prevent, Detect and Deter Fraud. She is a contributing writer for Forbes.com, The Daily Beast and The Washington Post. She also teaches ethics and forensic accounting at various universities across the country.