Capsized Credit Puts Dreamer Out to Sea

Authorized Maker Scheme Case Study (Part 1)


By Joseph R. Dervaes
 

joseph-dervaes-50x50.jpg   Fraud’s Finer Points 

Frank, the deputy treasurer-controller of a Washington state public utility district (PUD), compromised the organization’s internal control system by issuing unauthorized checks to himself for $236,925.23 over a one-year period using the authorized maker scheme, a type of check-tampering fraud. In the ACFE’s Fraud Tree, the crime is a subset of fraudulent disbursements, which is a subset of cash schemes.

Obviously, Frank violated the trust the PUD had placed in him to protect its treasury funds from abuse and loss in Washington state’s most complex computer fraud case. 


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