External link to The Fraud of the Century

The Fraud of the Century

Bernard Madoff was a creditable man that people trusted him with their money because “he created an image of power, trust and responsibility. ” (Ferrel, 2013, p. 416) He was able to scam and scheme his investors from the early 1990s up until December of 2008 when his Ponszi scheme was discovered. Over the course of a decade he was simultaneously running a legitimate business […]

External link to Accounting Fraud through Product Costing

Accounting Fraud through Product Costing

Fraud is a malicious obtaining of money or property by deception then accompanied by concealment of theft and translation of stolen property or money into personal resources for private use. The costs of fraud are difficult to estimate because not all uncovered fraud is disclosed for correct action to be pursued. Most fraud is committed by the trusted and valued employees and it leads to […]

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