Fraud in workplace is more widespread than most believe

Behrenz, L. Wallace
December 2008
Las Vegas Business Press (10712186);12/22/2008, Vol. 25 Issue 51, p26
The article discusses the two categories of business-related fraud. The first category is explained as a false financial statement presentation and representation often done by business owner or key executive to deceive a bank, financial institution or investor into loaning or investing liquid assets into a business entity. The second category is the occupational fraud where the perpetrator uses his or her position in the company for personal enrichment which is more widespread and often manifests itself through intentional deceit, forgery and theft.


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