Profiling The Fraudster: Removing the Mask to Prevent and Detect Fraud
- 3h 50m
- Simon Padgett
- John Wiley & Sons (US)
- 2015
Profiling the Fraudster: Removing the Mask to Prevent and Detect Fraud takes a step-by-step approach beyond the Fraud Triangle to identify characteristics in potential fraudsters, employees and new hires that will sound alarm bells before they get their hands on your organization's assets. The typical organization loses a staggering 5% of its annual revenue to fraud. Traditional fraud investigations focus on the breakdown of internal controls but what happens when the human beings forming a key component of that chain of control are inherently dishonest? This book shows you how to recognize the characteristics and behavioral patterns of potential fraudsters who are entrusted with safeguarding corporate assets. The book includes:
- An in-depth look at fraud investigation techniques and how these can be enhanced by using the characteristics of fraudulent behavior,
- A detailed look at profiling potential perpetrators of fraud,
- A detailed breakdown of how to compile a fraud profile,
- A discussion of a wide range of organizational fraud, including abuse of power, embezzlement, computer fraud, expense abuse, and more,
- Tables, illustrations, and diagrams to enhance the narrative
If you're a corporate fraud investigator, auditor, forensic accountant, law enforcement professional, or anyone challenged with safeguarding your organizations assets—Profiling the Fraudster shows you how to remove the mask and prevent and detect fraud.
About the Author
Simon Padgett is a British qualified ACCA forensic accountant with 18 plus years of experience in fighting fraud and corruption. Simon has an MBA from Oxford Brookes University in the United Kingdom and has held director-level positions in forensic services roles, specifically carrying out fraud and corruption investigations and the provision of antifraud programs for clients and the organizations for which he has worked. Simon’s career has included working and living in diverse geographical locations, such as the United Kingdom, the Caribbean region, South Africa, the United Arab Emirates, and many more locations while on assignments. He is currently the vice president of the United Arab Emirates Association of Certified Fraud Examiners chapter.
Throughout his career, Simon has spent a great deal of time and effort analyzing, designing, and implementing fraud control environments and ensuring that internal controls were adequate and sufficient enough to reduce fraud risk. This book was born out of the constant visualization that frauds are carried out by human beings who make conscious decisions to steal, often while being fundamental parts of those control environments designed to safeguard corporate assets. Having met, interviewed, questioned, and quite often been fundamental in the jailing of many of these human beings, it became obvious to Simon that further analysis and reasoning was required into the minds of human beings who turn to fraud and what makes them do so.
In this Book
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Profiling the Fraudster—Removing the Mask to Prevent and Detect Fraud
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Preface
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Introduction to Occupational Fraud and Corruption and Recent Trends
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Types of Occupational Fraud and Corruption
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What Is Fraud and More Specifically Occupational Fraud?
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Corruption
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Normative Crime Analysis and Investigative Psychology
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The Fraud Triangle Becomes the Fraud Diamond—A Journey through the Theory
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Using Profiling in the Fight against Crime and Occupational Fraud
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Criminal and Fraud Offender Profiling
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Behavioral Warning Signs or Red Flags
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Motivation and Opportunity as Key Indicators
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Profiling Individual Behavior and Characteristics of a Fraudster
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Profiling the Fraudster’s Position and Department
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Profiling the Fraud Methodology or Modus Operandi
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Profiling the Victim Organization and Its Geography
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Profiling the Consequences
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Using Case Studies for Profiling Fraudsters
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The Use of Offender Profiling in Forensic Investigations
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Profiling as Part of Your Sound Antifraud Program
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Information Sources and the Role of Data Mining
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Fraud Profiling Your Organization
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The Process of Developing a Fraud Profile
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The Role of the HR Recruitment Process in Profiling
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Bibliography
