Short Essay

Read the article "An Unholy Trinity: Three Ways Employees Embezzle Cash." In a paper, answer the following questions for each case:

• What schemes were committed by each fraudster?
  • Albert Miano
  • Bill Guardo
  • Brian Lee
  • Bruce Livingstone
  • Cheryl Brown
• How was the scheme perpetrated?
• Identify the red flags in the case.
• How could the fraud have been prevented? Identify one internal control that should have been in place and working.
• Relate the Fraud Triangle to the case.