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WC120 – Fraud scenarios in construction

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Webclass 120: Replay and PDF
Webclass 120: Take the quiz and get your CPE Certificate

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- Webclass 120: Fraud scenarios in construction

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Webclass 120: Fraud scenarios in construction

admin June 9, 2026

WC120 – Fraud scenarios in construction
Webclass 120: Take the quiz and get your CPE Certificate
Webclass 120: Fraud scenarios in construction

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Question 1 of 11

1. Question

Q1. What types of programs were typically defrauded during 2021, 2022?

– Paycheck Protection Program (PPP) – Economic Injury Disaster Loans (EIDL) – Employee Retention Tax Credits (ERTC)
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– Consumer spending
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Question 2 of 11

2. Question

Q2. How did the Flathead Valley Construction fraudster, Carig Mark Draper commit fraud?

By obtaining large deposits for construction projects and then disappearing
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By creating fictitious bank accounts
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Question 3 of 11

3. Question

Q3. How did the General Manager of the Arizona manufacturing company commit fraud?

– Giving away free product – Forgetting to bill customers
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Stealing money from the bank account
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Question 4 of 11

4. Question

Q4. How did the Production Line Manager of the Arizona construction company commit fraud?

– Prioritizing the contractors that provided kickbacks (because there was scarcity of materials) – Damaging inventory and then keeping it (due to the policy that employees can keep damaged inventory) – Selling inventory at reduced rates to family members that were working in the same industry
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Creating shell companies and fictitious supplier invoices
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Question 5 of 11

5. Question

Q5. Why were cancelled open purchase orders an issue?

It meant that the company forgot to bill customers for purchased items that were then sent on to customers
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Because those open purchase orders were used at a future date to support fictitious invoices
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Question 6 of 11

6. Question

Q6. Why is the macro-economy important?

Because it can create pressures that cause people to turn to fraud as a solution
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Because it can cause companies to recruit more sales staff in order to ensure an increase in sales volume throughout the turbulent period
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Question 7 of 11

7. Question

Q7. Why is the behaviour of top-management important?

Because employees are always watching and will justify fraudulent actions on the basis of a corrupt company culture (everyone is doing it)
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Because most fraud is done by top-management
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Question 8 of 11

8. Question

Q8. How did the case of the defrauded home-owner get solved?

The home-owner called the sub-contractors of the general contractor in order to check the amounts received by each subcontractor
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The home-owner employed the sub-contractors directly
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Question 9 of 11

9. Question

Q9. What do general contractors often do to defraud their construction customers?

Adjust the pricing/ cost on the sub-contractor / materials purchased invoices, etc
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Create shell companies to funnel payments
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Question 10 of 11

10. Question

Q10. What is one of the most typical cyber security attacks?

Compromised business email, requesting, for example, a change to a bank account number
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Hacking of the database server and theft of information
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Question 11 of 11

11. Question

Q11. How does Nicole recommend to do a Company Culture Audit?

With an external consultant
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With an internal employee
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