2.99

See Answer

Question : Bill and Sue were college students when


Bill and Sue were college students when they met each other in the library and began dating. After a few short months, they decided to get married. After a time of marital bliss, both Bill and Sue discovered the relationship was not what they had planned. Bill did not like Sue's candles and stuffed animals with which she insisted on filling the house, and Sue did not care for Bill's habit of spending all his money on the lottery. So, after a few failed attempts at reconciling the marriage, both concluded that divorce would be best. Each agreed to split their assets 50- 50. Due to Sue's displeasure in seeing lottery tickets cluttering the house, Bill kept most of the tickets inside his desk on campus. A few months before the divorce, one of Bill's lottery tickets hit the jackpot, giving him a little under $1 million. Instead of depositing the money into the couple's joint account, he hid it by creating a different bank account. Bill never brought up the news to Sue, and the court did not find out about the money during the court proceedings.
1. What type of fraud did Bill commit?
2. What can Sue do about this situation?

2.99

See Answer