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Joan and Kevin are getting a divorce after 20 years of marriage. Kevin retains an attorney who discovers that the couples' joint bank accounts, which had held a signicant amount of money, have been cleaned out and that other valuable marital assets have been transferred to Joan's relatives for no consideration. Joan said that she used the money from the joint bank accounts to pay off the marital bills in order that the couple could go their separate ways with a clean slate. However, Kevin notices that the bills are mounting, and not much has been paid on them.
Also, he notices that Joan has recently been receiving bank statements in the mail that are addressed to Joan and her mother. He is suspicious and tells his attorney. After the divorce, the relatives transferred the assets received back to Joan.
Further, Kevin finds an bank statement for the account that Joan had opened with her mother shortly before Joan had filed for divorce. The bank statement contains the exact amount of money which had disappeared from the couple's joint bank accounts.
Required: (10 points)
1. What type of fraud did Joan commit?
2. In what kind of scheme are Joan and her relatives involved?
3. Can Kevin do anything about this situation?
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