Please enable JavaScript.
Coggle requires JavaScript to display documents.
Financial Institution Fraud - Coggle Diagram
Financial Institution Fraud
Types of Embezzlement Schemes
Unauthorized withdrawals
Unauthorized disbursement of funds to outsiders
False accounting entries
Moving money from customers’ dormant or inactive accounts
Types of Loan Fraud Schemes
Reciprocal loan arrangements
Residential loan fraud
Double-pledging collateral
Construction loans
Common Types of Mortgage Fraud Schemes
Fraudulent sale
Fraudulent second lien
Air loan
Property flipping
Red Flags of Loan Fraud
Missing documentation
Missing or altered documentation/ Concealment/
Change order abuse
should look for in change orders is abnormality
High turnover in developer’s personnel
when a developer experiences a high degree of turnover,
something is wrong with the internal operation.
New Account Fraud
more likely to occur in new accounts than in established
accounts
common methods
False identification
Mobile deposit fraud
Automated teller machine (ATM) deposits
Fraud that occurs on an account within the first ninety days that it is open