Thursday, April 12, 2012

Donald Cressey's Fraud Triangle


Based on Cressey, the figure below shows the three reasons of committing fraud.



As business students, professionals and future professionals, I think that learning this theory is important for the reason that fraud is rampant in today’s generation.


The recent frauds that occurred this April in BC are the following:
·         “Former notary public in Vancouver masterminded a Ponzi scheme that raised $83-million from 218 investors
·      “Burnaby couple has been charged with multiple fraud-related [such as credit card frauds and Identity theft]”

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