Don't let Trojan horse fraud buck your company's financial future. 

It is said that a man with a pen and a briefcase can steal 100 times more than 100 men with machine guns. White-collar criminals have proliferated so rapidly that auditors and accountants are having to equip themselves with fraud examination tools that can counter the uncanny ingenuity, planning, and foresight of today's financial-crime opportunists. Trojan horse fraud is one such white-collar scheme that requires a crafty criminal mind to perpetrate, but an even sharper fraud examiner to detect and investigate.

What is Trojan Horse Fraud?

The term "Trojan horse" refers back to the mythical Trojan War. The legend says that during this war, Greek soldiers penetrated the well-fortified city of Troy by designing and hiding in a large, innocent-looking, hollow wooden horse and then placing the it at the entrance of Troy's city gates. The Trojans, mistaking the horse for a peace offering, brought the horse within the city's walls. At an opportune moment, the Greek soldiers came out of the wooden horse, ambushed the unsuspecting citizens of Troy, and won the battle.

In much the same manner, when fraudsters recognize illicit money-making opportunities, they often create Trojan horse-like vehicles that allow them future access to necessary files, vaults, accounts, or computers to perpetrate fraud at an opportune moment.

Horsing Around at ABC Mutual Fund