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Control fraud

Control fraudControl fraud occurs when a trusted person in a high position of responsibilityin a company, corporation, or statesubverts the organization and engages in extensive fraud for personal gain.The concept of control fraud is based on the observationthat the CEO of a company is uniquely placedto remove the checks and balances on fraud within a companysuch as through the use of selective hiring.These tactics can position the executive in a waythat allows him or her to engage in accountancy fraud and embezzle money,hide shortfalls or otherwise defraud investors, shareholders, or...

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Published By: Hartzman's Inquisition - Sunday, 19 August, 2012