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- Fraud in the News
While not all fraud incidents make it into the business press, many do. This week you will be exploring recent incidents outlined in the Wall Street Journal. Take for instance the case of Rita Crundwell, the former comptroller of the small town of Dixon, IL., who stole over $53 million over decades and was sentenced to more than 19 years in prison in 2013 (Peters, 2013.) Major cases are often covered in the news when the Department of Justice or SEC are involved in the investigation. Other legal action can also receive new coverage.
[u07s1] Unit 07 Study 1
Use the Capella University Library to read the following:
- Peters, M. (2013). Ex-Illinois comptroller gets 20 years. Wall Street Journal (Online).
- Toggle Drawer
Fraud in the News
Using the Wall Street Journal in the Capella library, locate an article published between 2017 and the present about a company’s or organization’s fraud incident, and briefly outline the fraud scheme; the outcome; the application of the fraud triangle or similar model; and how management might have avoided/minimized the risk from this occurring. Respond to at least two other learners in this unit discussion.
Support your position with references to the readings in this unit and your own research. Be sure you follow current APA guidelines for citations and references.
Respond to the post of at least two of your peers. Use this discussion to share experiences and ideas. Ask questions, seek clarity, and offer your own perspective.