Question

Your co-worker has made some major lifestyle changes such has buying expensive clothes and cars. which of the fraud elements may you be witnessing?

Answer 1

Your co-worker has caused some major lifestyle changes such as buying expensive clothes and cars. Conversion fraud elements are witnessed here.

What is conversion fraud elements?

The act of obtaining another person's money or property and utilizing it fraudulently for one's own use and profit, or for the use and benefit of a third party to whom the property or money does not belong, is referred to as fraudulent conversion.

The possession or ownership of the property by the plaintiff, the defendant's conversion of the property by a deed conflicting with the plaintiff's property rights, and damages are the elements of conversion.

Fraud is defined as an intentional action (or inaction) with the intent to achieve an illegal benefit for oneself or for an institution by deception, misleading recommendations, the omission of information, or other unethical tactics that others believe and rely upon.

Hence,  Your co-worker has caused some major lifestyle changes such as buying expensive clothes and cars. Conversion fraud elements are witnessed here.

To learn more about fraud elements refer to:

brainly.com/question/23294592

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