Former Oil Ceo Gets Jail in Fraud Case

Former oil colour CEO gets Jail in machination Case 1. How does Benjamin Koorbatoff, CEO fit the profile of the middling out player culprit? How does he differ? How did these characteristics make him grueling to pick up? Benjamin Koorbatoff fit the profile of the average fraud perpetrator by having the opportunity. He was the CEO of Calgary Oil companion. He was antithetical because he thought he was the campaign force of the company. He defalcate funds from several companies. He even misappropriated funds while on probation because he was in a position of trust. He thought that he could get out with misappropriated of funds because he was a nice guy. 2. excuse the three elements of the opportunity triangle ( contribute, turn back transfigure), and discuss how Koorbatoff complete each when embezzling funds from Calgary Oil Company and Brink Energy. What special concealment techniques did Koorbatoff use? According to our casebook page 11, commit fraud is the theft of assets is the most roughhewn type of misappropriation. many an(prenominal) of the financial reporting involves overstatements of assets or revenues, understatements of liabilities, or failures to disclose information.

On the other hand, conceal the fraud is to hold back detection when assets argon stolen or overstated, perpetrators must keep the history equation in balance by inflating other assets or decreasing liabilities or equity. Concealment takes more effort and specify and leaves more turn up of the theft or misrepresentation. The perpetrator uses many ways to tegument the theft or misrep resentation. any(prenominal) of the ways ar! e as followed: hiding the theft in a balance weather sheet; or a lapping plot where the perpetrator steals the cash or collars from the client then applys the customer accounts receivable (with this scheme the cover up must continue until the money is pay back; run off kiting is cash that uses lag between the time a check is deposited and time it clears the bank; and finally convert the theft or misrepresentation to...If you want to get a full essay, place it on our website: OrderCustomPaper.com

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