Fraud

Another article describing how the bad guys are using ‘phishing’ emails to plant key-stroke loggers on unsuspecting small business computers and thus gaining bank account log ins.  Eventually crooks clean out a lot of money before getting detected or the account is drained.  Frequently, the banks can walk away from any liability since the log-in data appeared to be legit and the problem originated on the customers computer.  Wall Street Journal article here.

Preventive techniques suggested in article:

• (more…)

The series of posts on the Tragedy of Fraud have been combined into a separate page, found at the top of this blog.  You can read them in chronological order on the page above.

Previous post discussed the sentencing in a fraud case I have been following.  Jail for 270 days, $25,000 restitution, and $3,915 of fines and fees.  The ripple effects of the fraud have not ended.  The next chapter might be in the civil law area.

(more…)

On December 20, 2010, the judge pronounced sentence in a case I’ve been following.  Why go into detail?  To continue the discussion of the massive devastation of fraud.

(more…)

Previously discussed the tragedy of fraud.  The ripple effects of the massive Madoff fraud have been spreading.  The ripples include a lost life this past week. 

(more…)

Having discussed the fraud triangle, you may wonder if there is anything you can do in your organization to stop the three sides of the fraud triangle from coming together and igniting into a disaster.  Well, you can not absolutely prevent fraud.  However, you can work to minimize the risk on each side of the triangle and as a result greatly reduce the danger of fraud.  Some of the things you can do as an organization are discussed here, here, and here.

The rationalization factor was discussed here and here.

When you dig into the rationalization process, you realize that churches and ministries are in a wonderful position to counter this part of the fraud triangle. (more…)

I have discussed this fraud at a local church here and here.  The very short version of the story is a bookkeeper accepted a plea bargain to one felony charge of theft.  (more…)

Previously discussed the alleged embezzlement at a church in my area in this post.  I’m sad to report the word alleged can now be dropped from the story.  (more…)

Motivation to commit fraud was discussed here and here.

Many of the motivations to do wrong cannot be controlled by an organization. (more…)

Previous posts here and here discussed the opportunity to carry out a fraud.  Opportunity means the door is open for a person to do something wrong.  What can a ministry or church to manage or reduce the opportunity to commit fraud?  (more…)

Watched a few minutes of a TV movie.  The main character was busy lying to police as she framed a co-worker for hacking the bank’s computer system to hide her taking unidentified valuables out of safe deposit boxes and transferring who-knows-how-much money between accounts so she could get her hands on it. (more…)