Focus on Fraud: 2020

Do you remember the old Pringles jingle, “Once you pop, you can’t stop”? The idea was that, once you got a taste of the sinfully salty snack, you’d be compelled to eat more and more. That same principle can apply to committing occupational fraud. Oftentimes, once an employee has committed one act of fraud, they’ll go on to perform further criminal acts.

Frauds in the News

The following are a few recent stories from the news about people carrying out more than one con job at their place of business:

The defendant in this indictment from Evansville, Wisconsin,

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It may take two to tango, but it takes all three legs of the fraud triangle to commit occupational fraud, according to the research done by Donald Cressey in the 1950s. Cressey, a sociologist and criminologist, studied numerous occupational fraud cases during his career. He found that in nearly all of them, some element of each of the following were present:

  1. Perceived opportunity
  2. Rationalization
  3. Perceived unshareable financial need / pressure

Cressey’s fraud triangle helps explain how seemingly ethical people can commit egregious crimes, like embezzlement. Their actions cost American companies an estimated $50 billion annually,

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