Tragedy of Fraud: The Ripple Effects from Fraud and the Wages Earned

Just like throwing a stone into a calm lake produces ripples all over the water, fraud creates widespread ripples.

Chapter 1 discusses the tragic effects of a fraud in a local church. The damage spreads out to harm a lot of people. The wide ripples in the life of the fraudster and surprise victims are rarely seen.

Chapter 2 discusses the wages of fraud. Wages are something we work for, deserve, and are entitled to. Likewise in a fraud there are wages rightfully earned that will be paid in full. Wages for a mayor include jail, publicity, loss of employment, bankruptcy, and divorce.

Chapter 3 looks at the fraud in the mayor’s office as a case study of why frauds in general are difficult for an auditor to find. Corruption frauds are even tougher to uncover.

Chapter 4 discusses the three sides of the fraud triangle and what organizations can do to minimize the factors. When opportunity, motivation, and rationalization get together, the conditions are set for a fraud.