Glen Albanese was arrested after federal authorities conducted an investigation that indicated the funds that he had raised for relief efforts for Hurricane Katrina victims had been used to purchase landscaping for his home, acquire a Labradoodle pedigree dog, and buy tickets to DisneyWorld and Six Flags. Mr. Albanese had raised funds for his charity by advertising that the funds raised would be used to rebuild homes and provide scholarships for the children of victims. Instead, he met individuals who sold him the dog and furnished the landscaping in odd locations and paid them in cash in envelopes. Which of the following crimes would be applicable for the federal authorities to charge? a. Embezzlement b. Criminal fraud c. a and b only d. all of the above e. A violation of SOX

Question

Business

Kasen Mcfarland

26 April, 05:18

Glen Albanese was arrested after federal authorities conducted an investigation that indicated the funds that he had raised for relief efforts for Hurricane Katrina victims had been used to purchase landscaping for his home, acquire a Labradoodle pedigree dog, and buy tickets to DisneyWorld and Six Flags. Mr. Albanese had raised funds for his charity by advertising that the funds raised would be used to rebuild homes and provide scholarships for the children of victims. Instead, he met individuals who sold him the dog and furnished the landscaping in odd locations and paid them in cash in envelopes. Which of the following crimes would be applicable for the federal authorities to charge? a. Embezzlement b. Criminal fraud c. a and b only d. all of the above e. A violation of SOX

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Answers (1)

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Raiden · Answer 1

c. a and b only

Explanation:

- Embezzlement

You can be charged with embezzlement if you're somehow mishandle the fund that is trusted to you for a certain purpose, but you use it for any other thing beside it's original purpose.

in the excerpt above, Glen was trusted with the funds to relief efforts for Hurricane Katrina Victims, but he used it to landscape his house.

- Criminal Fraud

You can be charged with criminal fraud if your prosecutor can prove that you're creating some sort of scheme to deceive other people for your personal gain.

In the excerpt above, Glen directly advertised his charity to rebuild homes and provide scholarships. But instead of doing that, he use the money for personal purchase. This indicates that Glen already had the intention to deceive the donator from the beginning.