Theft Reimbursement Twice PPT

Case: Theft Reimbursement, Twice : 

Case: Theft Reimbursement, Twice BY: Juan Carlos Salinas Acct 6300

Evidence of White-Collar Crime 1st Theft : 

Evidence of White-Collar Crime 1st Theft

Evidence of White-Collar Crime 1st Theft Cont’d : 

Evidence of White-Collar Crime 1st Theft Cont’d Each board member receives a $ 2000 Honorarium. A list of the members is created with the amounts and given to Mary, to process. Each honorarium check only has a name, no address. The checks are normally given to members at the meetings. Same routine occurs with expense checks, only they are handed over by intercompany mail to distributed.

Evidence of White-Collar Crime 1st Theft Cont’d : 

Evidence of White-Collar Crime 1st Theft Cont’d After signature, Mary took 4 honorarium checks and 2 expense check, changed the names and put her name on them. Mary used white out to alter the names, It was obvious the names had been changed and her name was not in the same font as the typing on the rest of the checks. Mary took the checks to an ATM and deposited them into her bank account. Mary then transferred the money to her family in some other country.

Evidence of White-Collar Crime 1st Theft Conclusion : 

Evidence of White-Collar Crime 1st Theft Conclusion The theft was discover when the bank reconciliation was done. Mary admitted to the theft. Mary was charged with the crime. The bank admitted bank error and apologized and immediate reimbursed the bank account for the amount of the theft, $16583.

Evidence of White-Collar Crime 2nd Theft : 

Evidence of White-Collar Crime 2nd Theft The bank had already reimbursed the company for the theft. Assist. Controller of the company filed a claim to the company’s insurance company for the amount of the theft. Insurance company paid out the claim to the business for the theft too. Company was reimbursed twice for the same event, by the bank and the insurance company.

Controller and Assist Controller : 

Controller and Assist Controller

Evidence of White-Collar Crime 2nd Theft Cont’d : 

Evidence of White-Collar Crime 2nd Theft Cont’d Assist. Controller wanted to send insurance check back. Controller said no, hold check and deposit in a high interest savings account to earn interest while case is settled. Controller said “in the meantime we’ll earn interest on the money and since we’re none profit organization we don’t have to pay tax on the interest.” Controller, states, “The interest represents the aggravation we’re going through.” The interest is to cover additional costs associated with Mary’s trial.

A Prelude to Fraud and White Collar Crime : 

A Prelude to Fraud and White Collar Crime

Fraud and White Collar CrimeSynopsis: : 

Fraud and White Collar CrimeSynopsis: One of the challenges facing all organizations is the prospect of unethical employees who commit acts of fraud and white collar crime. Executives are expected to ensure that they take all reasonable steps to guide, influence and control employees who might be inclined to become involved, and external auditors are expected to be alert for potential problems.

Fraud and White Collar Crime Cont’d Synopsis: : 

Fraud and White Collar Crime Cont’d Synopsis: Experience has suggested that an understanding of the circumstances leading to and enabling fraud and white collar crime, and the motivation for it, provides a useful foundation for preventive measures. In order to provide that understanding, an analysis is offered of the motivation of a white collar fraudster.

The Fraud Triangle – A Framework for Understanding Fraudsters : 

The Fraud Triangle – A Framework for Understanding Fraudsters

Maslow’s Hierarchy of Needs : 

Maslow’s Hierarchy of Needs Ego Social Physical