The following example demonstrates how a net-worth analysisassisted prosecutors in amending their complaint against a fraudsuspect:
R. Peery, age 40, the executive director of a five-statecommission planning a low-level radioactive waste dump, was chargedwith two new charges of felony theft. Peery was also charged withone federal count of wire fraud.
Peery was accused of wiring $80,000 to a personal account inGeorgia, and prosecutors said they suspected him of taking$600,000. He was also charged with two counts of using commissionfunds in Nebraska to buy cars: a 1990 BMW valued at $67,000, and a1991 BMW valued at $92,000.
Peery was paid $52,000 annually. He lived in a house valued at$305,000 and at the time of his arrest had six luxury cars,including Jaguars, Mercedes-Benzes, and BMWs.
An affidavit filed in the state case lists transfers totaling$600,000, including the $80,000 mentioned in the federal charge.The affidavit quotes the bookkeeper for the commission as havingtold the police that various expenditures recorded as legal fees,office supply costs, and other expenses had not been authorized aslegitimate commission business.
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Using the information provided, create scenarios for how youwould go about performing direct analysis on records provided.Submit your homework here.
The following example demonstrates how a net-worth analysisassisted prosecutors in amending their complaint against a fraudsuspect:
R. Peery, age 40, the executive director of a five-statecommission planning a low-level radioactive waste dump, was chargedwith two new charges of felony theft. Peery was also charged withone federal count of wire fraud.
Peery was accused of wiring $80,000 to a personal account inGeorgia, and prosecutors said they suspected him of taking$600,000. He was also charged with two counts of using commissionfunds in Nebraska to buy cars: a 1990 BMW valued at $67,000, and a1991 BMW valued at $92,000.
Peery was paid $52,000 annually. He lived in a house valued at$305,000 and at the time of his arrest had six luxury cars,including Jaguars, Mercedes-Benzes, and BMWs.
An affidavit filed in the state case lists transfers totaling$600,000, including the $80,000 mentioned in the federal charge.The affidavit quotes the bookkeeper for the commission as havingtold the police that various expenditures recorded as legal fees,office supply costs, and other expenses had not been authorized aslegitimate commission business.
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Using the information provided, create scenarios for how youwould go about performing direct analysis on records provided.Submit your homework here.
