Fraud Case Analysis Zarmoon Inshanalli
4 Pages1226 Words351 Views
Added on 2020-05-16
Fraud Case Analysis Zarmoon Inshanalli
Added on 2020-05-16
ShareRelated Documents
Fraud Case Analysis-Zarmoon InshanalliAccounting 350 – Case Discussion AssignmentFraud Case Analysis-Zarmoon InshanalliPrepared by Student nameInstitution NameInitial posting; Zarmoon InshanalliA)Facts of the CaseOn 7th April 2017, Ms. Inshanalli was sentenced to three and a half years as a punishment for engaging in fraudulent activities [ CITATION RvI17 \l 2057 ]. Prior to thejudgement She had pleaded guilty to the offences on during one of the court hearings.In her judgement Justice Peter C. West revealed that the offender had in the previous years participated in several fraudulent activities which even included goingagainst a court order that prohibited her from taking any form of accounting jobs while on probation from the previous charges. Ms Inshanalli was employed by the victim between April 2014 and January 2016, during the period she fraudulently wrote herself 134 cheques which were not authorised each cheque was of an amount between $ 1456 to $ 5839. She worked asa bookkeeper during her employment tenure with the victim and took the opportunity to forge the signature of Gerard Waslens as a way of authenticating her frauds.Ms. Inshanalli had a history of defrauding unsuspecting clients and employers who put their trusts in her. On May 2004 she was given a conditional sentence for defrauding 407 ETR an amount totalling $750000 while working for them in Newmarket. The same behaviours were replicated between the year 2010 and 2012 when she defrauded her employer Sherwood Innovations of $141000. In many of the cases the offender took an opportunity of the trust the employers put on her as a bookkeeper to steal from them.B)Theoretic AnalysisIn trying to understand the mindset of fraudsters several theories have been explored. The aim is to gain an insight of how and why fraudulent activities occur. In this analysis some of the theories will be highlighted.
Fraud Case Analysis-Zarmoon InshanalliPart 1: Traditional TheoriesThe Fraud TriangleThis is a combination of three situations which when converged can make an honest person turn to fraudulent activities [ CITATION The \l 2057 ]. The factors are:i.Perceived pressure; this is the primary motivation behind the fraud. The trusted person sometimes experiences financial issues that she/he may not be able to solve in a legal manner hence consideration of fraud.ii.Perceived opportunity; The trust put in the individuals normally give them an avenue to still by abusing their trust.iii.Rationalization; fraudsters are normally not criminals by career hence have a personal justification for carrying out the offence [CITATION JGl04 \l 2057 ].Ms. Inshanalli had very many previous records of fraud from the year 2004 to2016. In almost all the companies she had been employed in she found a chance to breach her contract and steal money from them. despite the numerous cases surrounding her during her trials she pleaded guilty of the offences which showed signs of remorse, in addition she went ahead to makea voluntary restitution payment. She blamed the pressure to a company her friends to casinos and her gambling addiction as the reason behind her actions [ CITATION RvI17 \l 2057 ]. The gambling addiction has been proven by the court when it was discovered that she had initially been put under psychiatric care to assist he overcome it.The Fraud ScaleThis theory was introduced in 1984 and it replaces the fraud triangle idea of rationalization with ethics and integrity [ CITATION ACF \l 2057 ]. A person’s integrity is judged by the commitment to adhere to ethical standards in decision making. In such cases the people rarely engage in fraud. By assessingthe individual’s integrity, it's therefore possible to gauge the fraud scale. When an individual with low integrity are exposed to high opportunity and high pressure their chances of engaging in fraud becomes very likely.The issue of integrity is reflected in the case of Ms. Inshanalli. She goes against the court order to sat away from the bookkeeping jobs, in addition she is repeatedly involved in fraud in the various companies she worked for
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Case Discussion: Fraud Theory Analysis and Rational Choice Theorylg...
|7
|1370
|462
Fraud Theory Analysis: A Case Study of R v. Inshanallilg...
|7
|1462
|458
Fraud Analysis: Theories and Case Studieslg...
|6
|1346
|387