Fraud Casebook: Lessons from the Bad Side of Business - Hardcover

by Joseph T. Wells (Editor)

Praise for Fraud Casebook Lessons from the Bad Side of Business

"I have known Mr. Wells for over twenty years. In my opinion, no one in the world knows more about fraud than he does."
-W. Steve Albrecht, Associate Dean, Marriott School of ManagementBrigham Young University, Provo, Utah

"This book covers the entire range of fraud that can be encountered in the workplace."
-Grant D. Ashley, Vice President for Corporate Security and SurveillanceHarrah's Entertainment Inc., Las Vegas, Nevada

"I had the pleasure of serving with Mr. Wells when both of us were volunteers for the American Institute of Certified Public Accountants. He knows as much as anyone about how to detect and deter fraud."
-James G. Castellano, Chairman, RubinBrown LLP, St. Louis, Missouri

"I have worked with Mr. Wells for ten years. His reputation is unsurpassed."
-John F. Morrow, Vice President, The New FinanceAmerican Institute of Certified Public Accountants, New York, New York

"Fraud Casebook is a terrific work. I highly recommend it."
-Sherron S. Watkins, a Time magazine "Person of the Year," Houston, Texas

"No one has done more for fraud prevention and detection than Mr. Wells and the Association of Certified Fraud Examiners. Their guidance and training proved invaluable to my staff and me in uncovering the WorldCom fraud."
-Cynthia Cooper, a Time magazine "Person of the Year," Clinton, Mississippi

Front Jacket

FRAUD CASEBOOK
Lessons from the Bad Side of Business

Fraud is a serious problem that goes beyond monetary losses. It costs jobs, corporate reputations, and individual dignity. Fraud Casebook: Lessons from the Bad Side of Business is the most comprehensive book ever compiled on fraud case studies, presenting the collected insights of some of the most experienced fraud examiners around the world. With revealing case studies handpicked and edited by Joseph T. Wells, the founder and Chairman of the Association of Certified Fraud Examiners (ACFESM)--the world's leading anti-fraud organization--this collection sheds light into the dark corners of government and commerce through professional investigations.

Organized around the various categories of fraud, the cases in this exceptional casebook explore three broad categories of fraud as well as their various sub-schemes: asset misappropriations, corruption, and fraudulent financial statements. Each case provides an informative and entertaining look into the complex social factors behind fraudulent behavior. The observations of each fraud examiner, drawn from years of practical experience, provide readers with invaluable perspectives, many of hich have never before been conveyed publicly. Some of the sixty-two cases in Fraud Casebook include:

• Swimming with the Sharks, Pedro Fabiano
• Con Artists Gone Wild, Heinz Ickert
• Bodies for Rent, Rebecca Busch
• Information Superhighway, Barry Davidow
• Dialing for Dollars, Ian Henderson
• The $13 Million Man, John Francolla
• Her Passion for Fashion, Bethmara Kessler

Fraud Casebook: Lessons from the Bad Side of Business not only provides an insider look at fraud, it serves to educate readers to hopefully avert some of the mistakes made in the past. It illuminates the combination of timing, teamwork, and vision necessary to understand fraud and prevent it from happening in the first place. Finally, it challenges senior managers to better use their corporate resources to become much smarter about fraud, or risk becoming its victims.

Back Jacket

FRAUD CASEBOOKLessons from the Bad Side of Business

Fraud is a serious problem that goes beyond monetary losses. It costs jobs, corporate reputations, and individual dignity. Fraud Casebook: Lessons from the Bad Side of Business is the most comprehensive book ever compiled on fraud case studies, presenting the collected insights of some of the most experienced fraud examiners around the world. With revealing case studies handpicked and edited by Joseph T. Wells, the founder and Chairman of the Association of Certified Fraud Examiners (ACFE^SM)--the world's leading anti-fraud organization--this collection sheds light into the dark corners of government and commerce through professional investigations.

Organized around the various categories of fraud, the cases in this exceptional casebook explore three broad categories of fraud as well as their various sub-schemes: asset misappropriations, corruption, and fraudulent financial statements. Each case provides an informative and entertaining look into the complex social factors behind fraudulent behavior. The observations of each fraud examiner, drawn from years of practical experience, provide readers with invaluable perspectives, many of which have never before been conveyed publicly. Some of the sixty-two cases in Fraud Casebook include:

• Swimming with the Sharks, Pedro Fabiano
• Con Artists Gone Wild, Heinz Ickert
• Bodies for Rent, Rebecca Busch
• Information Superhighway, Barry Davidow
• Dialing for Dollars, Ian Henderson
• The $13 Million Man, John Francolla
• Her Passion for Fashion, Bethmara Kessler

Fraud Casebook: Lessons from the Bad Side of Business not only provides an insider look at fraud, it serves to educate readers to hopefully avert some of the mistakes made in the past. It illuminates the combination of timing, teamwork, and vision necessary to understand fraud and prevent it from happening in the first place. Finally, it challenges senior managers to better use their corporate resources to become much smarter about fraud, or risk becoming its victims.

Author Biography

JOSEPH T. WELLS, CPA, CFE, is the founder and Chairman of the Association of Certified Fraud Examiners (ACFE) and a former adjunct professor of fraud examination at the University of Texas at Austin. He writes, researches, and lectures to business and professional groups on fraud-related issues and is frequently quoted in the media. He has won top writing awards from both Internal Auditor and the Journal of Accounting magazines, and he is a winner of the Innovation in Accounting Education Award presented by the American Accounting Association. For his landmark research in fraud detection and deterrence, Mr. Wells has been inducted into the American Institute of Certified Public Accountants' Business and Industry Hall of Fame and named to Accounting Today's list of top 100 most influential people for the last nine years in a row.