
Find The Fraud—Crack the Case
Countrywide mortgage Fraud (Please answer those questions):
The Countrywide financial political loan scandal in 2008-2009 involved U.S. politicians who allegedly received favorable mortgage rates.
1. Describe the basic details of the case. What was the crime? When did the crime(s) occur? Where? Who was involved? What was the outcome?
2. Why was the FBI involved vs. local police?
3. Why would accountants be essential to solving this case?
4. What ethical dilemmas may the accountants involved in this case need to consider?
5. List 3 accounting skills that the accountants involved in the case would have needed to demonstrate to succeed in solving this case.
6. If you were assigned to this case, what would be most challenging about working on this case? Most rewarding?