Forensics Journal - Stevenson University 2010 | Page 39

FORENSICS JOURNAL

REFERENCES

NOTES

Association of Certified Fraud Examiners. (2008). 2008 Report to the
Nation on Occupational Fraud and Abuse. Retrieved from http://acfe.
com/documents/2008-rttn.pdf

1

U.S. Securities and Exchange Commission defines a Ponzi scheme
as, “an investment fraud that involves the payment of purported
returns to existing investors from funds contributed by new investors.
Ponzi scheme organizers often solicit new investors by promising to
invest funds in opportunities claimed to generate high returns with
little or no risk. In many Ponzi schemes, the fraudsters focus on
attracting new money to make promised payments to earlier-stage
investors and to use for personal expenses, instead of engaging in any
legitimate investment activity.” From Frequently Asked Questions.

Buckhoff, T. A. (n.d.). Forensic Accountants: the fraudbusters. In
North Dakota State University. Retrieved September 26, 2009, from
http://www.ndsu.nodak.edu/ndsu/buckhoff/couses/ACCT410610/
Forensic.Accountants.The.Fraudbusters.doc
Creswell, J., & Thomas, L., Jr. (2009, January 25). The talented Mr.
Madoff. The New York Times. Retrieved from http://www.nytimes.
com/2009/01/25/business/25bernie.htm

The Association of Certified Fraud Examiner’s 2008 Report to The
Nation on Occupational Fraud and Abuse defines occupational fraud
and abuse as, “the use of one’s occupation for personal enrichment
through the deliberate misuse or misapplication of the employing
organization’s resources or assets.” In Introductory section, 6.
2

Koletar, J. W. (2003). Fraud Exposed: What You Don’t Know Could
Cost Your Company Millions. Hoboken, New Jersey: John Wiley &
Sons, Inc.

Employee collusion occurs when an employee acting alone or collusion with others engages in dishonest or fraudulent acts in order to
steal from their respective employing organization.
3

Otto, R. (2008, June 27). Fraud prevention - the perception of detection. In Minnesota Office of the State Auditor. Retrieved September 28,
2009, from http://osa.state.mn.us/default.aspx?=page20090724.056

A learning organization is characterized as a decentralized structure
that fosters change, facilitates learning, and continually communicates
its objectives to its organizational members.
4

What is a Ponzi Scheme? (n.d.). U.S. Securities and Exchange Commision [Frequently Asked Questions]. Retrieved from http://www.sec.
gov/answers/ponzi.htm

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