Fraud's Finer Points

St. Valentine's Day Massacre (revisited)

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Date: July 1, 2012
read time: 7 mins

Alex was the assistant operations manager of a sports dome in a large city in Washington state. Because he was in a key position within the entity, he was able to compromise the internal control system by colluding with a legitimate vendor to manipulate purchasing transactions and cause his employer to issue disbursement checks for personal benefit. This false billing scheme resulted in losses of $491,829 within 10 years.

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