Financial Statement Fraud Casebook

A comprehensive look at financial statement fraud from the experts who actually investigated them This collection of revealing case studies sheds clear insights into the dark corners of financial statement fraud. Includes cases submitted by fraud examiners across industries and throughout the world Fascinating cases hand-picked and edited by Joseph T. Wells, the founder and Chairman of the world's leading anti-fraud organization ? the Association of Certified Fraud Examiners (ACFE) ? and author of Corporate Fraud Handbook Outlines how each fraud was engineered, how it was investigated and how the perpetrators were brought to justice Providing an insider's look at fraud, Financial Statement Fraud Casebook illuminates the combination of timing, teamwork and vision necessary to understand financial statement fraud and prevent it from happening in the first place.

A comprehensive look at financial statement fraud from theexperts who actually investigated themThis collection of revealing case studies sheds clear insightsinto the dark corners of financial statement fraud.* Includes cases submitted by fraud examiners across industriesand throughout the world* Fascinating cases hand-picked and edited by Joseph T. Wellsthe founder and Chairman of the world's leading anti-fraudorganization ? the Association of Certified Fraud Examiners (ACFE)? and author of Corporate Fraud Handbook* Outlines how each fraud was engineered, how it was investigatedand how the perpetrators were brought to justiceProviding an insider's look at fraud, Financial Statement FraudCasebook illuminates the combination of timing, teamwork and visionnecessary to understand financial statement fraud and prevent itfrom happening in the first place.

Preface xiChapter 1 Keep On Trucking 1Ralph WilsonChapter 2 Too Good to Be True? 13Carolyn ConnChapter 3 Trust Us . . . We Wouldn't Lie to You 25Stephen PedneaultChapter 4 Rotten from the Core 35Paul Pocalyko and Colleen VallenChapter 5 The Broken Trust 45Aaron LauChapter 6 The Perfect Family Business 57Alejandro MoralesChapter 7 Auditor's Loyalty 67Jyoti KhetarpalChapter 8 Easy Come, Easy Go 75Brad MroskiChapter 9 Organized Crime Is Not Just for the Usual Suspects 83David ShapiroChapter 10 The Spinster and the Investment 95Eric SumnersChapter 11 This Might Sound Familiar . . . 103James M. BrownChapter 12 Pulling the Strings 113Jay DawdyChapter 13 A Tale of Two Books 123John BeardChapter 14 The Family Man Behind Bars 131Antonio Ivan AguirreChapter 15 Net Capital Requirements 141Kevin G. BreardChapter 16 Delaying the Inevitable 149JoLynn RunolfsonChapter 17 Power and Corruption in the Publishing Industry 159Kenneth BiddickChapter 18 It Starts and Ends at the Top 169Kimiharu ChataniChapter 19 The Triple-Three 177Leonard Rang'ala LariChapter 20 What Is 1 d 1? What Do You Want It to Be? 187Robert BarrChapter 21 Take Two 197Matthias KopetzkyChapter 22 Wade's WMD 207Michael SpindlerChapter 23 Fraud Under the Sun 217Oscar Hernández HernándezChapter 24 Franklin County Contractors: A Case of Concealed Liabilities 227Patricia A. PatrickChapter 25 The Fall Man 237Nearchos A. IoannouChapter 26 The Happy Life 245Tamer Fouad GheithChapter 27 A Very Merry Fraud 255Clive TomesChapter 28 Missing Ingots 265Prabhat KumarChapter 29 When Silver Spoons Are Not Enough 273Walter Pagano and Deborah KovalikChapter 30 Sales Commission and Fraud Perpetration 283Tarek El S.M. El MeaddawyChapter 31 Like Two Sides of the Same Coin 291Patrick WellensChapter 32 A President Illuminated 301Theodore G. Phelps and Cindy ParkChapter 33 Trouble in Tallahassee 313Dr. Tim NaddyGlossary 325Index 329