All the World's a Stage for Fraud

By Richard Hurley, Ph.D., J.D., M.S., CPA, ACFE Educator Associate

richard_hurley-50x50.jpg   Fraud EDge 

Fraud isn't only a U.S. phenomenon -- it's a global epidemic. Make sure your students are aware of fraud on an international scale, and encourage them to prepare to fight fraud on the world's stage.

Higher-education students easily associate Enron, Madoff Securities, or WorldCom with U.S. frauds. But say the names Meinl European Land, Satyam Computer Services, Stanford International Bank, or Société Genéralé, and they probably won't realize these companies are also associated with huge fraud crimes.

When it comes to these international frauds, perhaps William Shakespeare said it best: "All the world's a stage, and all the men and women merely players: They have their exits and their entrances; And one man in his time plays many parts."

The world has now become a stage complete with scripts played by fraudster actors and actresses. Are we sufficiently teaching students about these international frauds?

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