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We have over 1000 essays for "Fraud"

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White Collar Criminal

Words: 1593 Length: 5 Pages Document Type: Essay Paper #: 32631423

Lifestyle Red Flags of Fraud Perpetrators
Introduction
As the Association of Certified Fraud Examiners (2010) points out, the average fraud perpetrator has—like David L. Miller—no prior fraud convictions. The offender is typically in the 30 to 45 years age range and is more likely to be male than female. Both of these characteristic profile traits fit Miller to a “t”. Moreover, four out of five fraud perpetrators are likely to work in the accounting department of an organization, again just like David L. Miller. And as the perpetrator ages so too does the level of fraud increase in terms of losses (Association of Certified Fraud Examiners, 2010)—again just like with the case of David L. Miller. This paper will analyze the case of David L. Miller and show why he fits the profile of a fraud perpetrator well and why companies tend not to press charges against people like him.…… [Read More]

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The Conman Barry Minkow ZZZZ Best

Words: 1557 Length: 5 Pages Document Type: Research Paper Paper #: 53466270

Barry Minkow (ZZZZ Best)
Tell the story
Barry Minkow is a con-man, who at the sage of 16 years established an outwardly fruitful carpet cleaning and restoration company by the name ZZZZ Best. Four years in after founding the company, Minkow took the company public. Notably, the shared he owned at the company had a valuation of $100,000. In a span of five years, the company had a market capitalization of $200 million. However, when the company collapsed in 1987, financial investigators came to the realization that most of the corporation’s purported revenues were fictitious. Regrettably, the financial statements of the company together with their associated source documents were all counterfeit. This was ascertained after a newspaper investigated into the activities of th company. Eventually, discovery of fraud took place and Minkow was given a jail sentence of 25 years in a federal prison. In addition, the court made an…… [Read More]

References
Clikeman, P. M. (2013). Called to Account: Financial frauds that shaped the accounting profession. New York: Routledge.
Rezaee, Z., Riley, R. (2009). Financial statement fraud: prevention and detection. Hoboken: John Wiley & Sons.
Singleton, T. W., & Singleton, A. J. (2010). Fraud auditing and forensic accounting (Vol. 11). Hoboken: John Wiley & Sons.