Bill James is being investigated for embezzling over $700,000 from ABC Capital Management, for whom Bill has worked for nearly 10 years. When co-workers noticed the new "toys" Bill was buying, they jokingly asked him to tell them his stock picks as they wanted in too! Bill told them that they better adopt some rich relatives. "My Uncle Eddie didn't have any kids, so he left a chunk of his money to each of his nephews." As a fraud expert, you would perform net worth calculations to assess the validity of Bill's claim of a recent inheritance. a. True b. False

B) False

Explanation:

There are a couple of websites that can help you find out if Bill's claim about his rich uncle is true. Or if you prefer you can go directly to a local court and request for information about Bill's assets or his uncle's estate. You would need a reason to do it, but since you are investigating a possible crime, then that should be a good enough reason.

Net worth calculations are done not necessary here because you do not want to know how much Bill's assets are worth, you want to know how he got them.

False

Explanation:

Performing a net worth calculation might not just be the best option here because as at this time , the embezzled fund would have been integrated into Bill's financial records and system considering the fact that he has been working in that same organization for nearly 10 years.

In such a situation, it is of more relevance if the information about the acclaimed wealth inheritance can be investigated to ascertain how true it is.

There should be some documents relating to the deceased uncle that are not in direct custody of Bill ( tax , work or business information  )which can be investigated and reviewed to ascertain the reality of his claim

b

explanation: