1. FRAUD EXAMINATION ALBRECHT, ALBRECHT, & ALBRECHT
Conversion Investigation Methods
CHAPTER 9

2. Learning Objectives
Explain why finding out how perpetrators convert and spend their stolen funds is important.
Understanding how federal, state, and local public records can assist in following the financial “tracks” of suspected perpetrators.
Access information via the Internet to assist in the investigation of a suspected fraud perpetrator.

3. Learning Objectives
Perform net worth calculations on suspected fraud perpetrators and understand how net worth calculations are effective in court and in obtaining confessions.

4. Review Elements of Fraud Triangle.

5. Discuss Conversion.

6. Chart Sources of Information.

7. Review Federal Sources of Information.

8. Review Federal Sources of Information. (cont’d)

9. Review State Sources.

10. Review County & Local Sources.

11. Review Private Sources.

12. What Are the Major Credit Reporting Agencies?

13. List & Discuss Public Databases.

14. Review & Discuss Other On-Line Sources.

15. Provide & Explain the Net Worth Calculation.

16. Comment on Net Worth Calculation.

17. Match Terms & Definitions.
Major criminal database maintained by the FBI
Opting-out Right
1999 Law making it illegal to use false pretenses to get information about others
Gramm-Leach Bliley Act
Right of customers to give written notice to financial institutions that prohibits them from selling or sharing their personal information
NCIC National Crime Information Center

18. Match Terms & Definitions.
Postal Service employees investigate frauds using mail service
Net Worth Calculation
Postal Inspectors
Look for evidence in someone’s trash
Trash Investigation
Estimates a suspect’s unexplained income