Investigate Conversion

Question 1

investigating conversion
Two primary objectives

Answer 1

 Determine the
extent of fraud ($$$)
 Develop evidence for
interviews and confessions

Question 2

How We Investigate
Conversion

Answer 2

 Public records
 Private information sources
 Online databases and internet searches
 Net worth method

Question 3

Investigators trace

Answer 3

 Asset purchases
 Liability payments
 Lifestyle changes

Question 4

Federal, state, and
local agencies maintain
public records are used to:

Answer 4

 Identify assets and liabilities
 Understand income sources
 Develop a financial profile

Question 5

Provides objective
third-party evidence
and helps identify

Answer 5

 Hidden assets
 Undisclosed income
 Lifestyle inconsistencies

Question 6

Private Sources of
Information

Answer 6

 Utility records
 Previous acquaintances
 Trashing

Question 7

Once investigators compile
information about spending
and lifestyle from public
records and other sources, they
usually need to determine the extent of the
stolen funds

Answer 7

Net Worth Method

Question 8

Net Worth Method Formula

Answer 8

1. Assets − Liabilities = Net Worth
2. Current NW − Prior NW =
   Increase in Net Worth
3. Increase in NW + Living Expenses =
   Total Income
4. Total Income − Known Income =
   Unknown (Illicit) Income