Tragedy of Fraud - The Ripple Effects from Fraud and the Wages Earned - Softcover

Ulvog, James

9781942066033: Tragedy of Fraud - The Ripple Effects from Fraud and the Wages Earned

Softcover

ISBN 10: 1942066031 ISBN 13: 9781942066033

Verlag: Riverstone Finance Press, 2014

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There are tragic consequences from fraud that spread out to harm innocent bystanders. The perpetrator draws a wide range of well-deserved wages that will be paid in full.Here we look at two fraud incidents to learn what happens after a fraud is discovered. One took place in a local megachurch and the other in the mayor’s office of a small city.Topics discussed:• Tragedy of Fraud – The ripple effects from the embezzlement fraud in a local church. An unexpectedly large number of people suffer.• Wages of Fraud – Consequences from the corruption fraud in a mayor’s office. The mayor earns a long list of painful wages.• Why is it Difficult to Find Fraud? – The lack of documentation inside an organization makes it even more difficult to identify a fraud scheme when it involves corruption.• The Fraud Triangle – A discussion of the three sides of a fraud triangle. Three components need to be present for a fraud to take place – opportunity, motivation, and rationalization. Great danger is in play when all three factors are present.

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