Summary: Business fraud is a major issue in today’s economy. The ability to identify fraud constructs before they cause damage can be key in preventing large-scale corporate malfeasance. This case provides an overview of common fraud schemes used in embezzlement. In addition, this case illustrates the fraud triangle as it relates to ethical decision making.
Learning Objectives: After reading the case, students will be able to:
- Identify the basic types of fraud.
- Gain an understanding of common fraud schemes.
- Gain an applied understanding of the fraud triangle.
- Discuss techniques that can identify fraud.
- Gain an understanding of recent embezzlement cases.
- Improve critical thinking skills.