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The Successful Frauditor's Casebook

Book Description

Learn what works well and avoid the pitfalls in the real world of fraud detection and fraud investigation

This casebook reveals how frauds and fraudsters were discovered—and delves into the investigations that followed. Each chapter covers a particular case, analyzing the factors that allowed fraud to develop and assessing the effectiveness of the detection process and the resulting fraud investigation. Importantly, the casebook examines the steps taken by organizations to recover from the cost of fraud and the damage that fraud has caused.

  • High-profile author, Peter Tickner, is well known in auditing and investigative circles

  • Cases of fraud, drawn from the author's direct experience as well as world-wide, are supplemented with checklists and practical guidance on fraud detection

  • Table of Contents

    1. Cover
    2. Contents
    3. Title
    4. Copyright
    5. Foreword by Brian Paddick
    6. Preface
    7. Acknowledgements
    8. Part I: Setting the Scene
      1. Chapter 1: The lessons worth learning from past mistakes
        1. The Casebook Approach to Fraud—Lessons Worth Learning From Past Mistakes
        2. Why Do We Need to Learn Lessons From Others’ Past Cases?
        3. What Are The Lessons to Learn?
        4. Getting to Grips With The Successful Frauditor’s Casebook
    9. Part II: The NHS
      1. Chapter 2: Cooking the books in NHS catering
        1. Introduction
        2. The Catering Case Where I Didn’t Bring Home The Bacon
        3. The Chickens Finally Come Home to Roost
        4. Conclusion
      2. Chapter 3: NHS professionals—a better class of fraudster?
        1. Cases From The NHS
        2. Dental Fraud
        3. Endnote—NHS Counter Fraud Activity
    10. Part III: Charities and Schools
      1. Chapter 4: The ‘nun on the run’
        1. Case Background
        2. That Fateful Local Authority ‘First Audit’
        3. Case Outcomes and Concluding Thoughts
      2. Chapter 5: Charity begins at home
        1. Case Background
        2. The Frauditor Finally Starts Work on The Case
        3. Case Conclusion and Outcomes
    11. Part IV: UK Banking Fraud
      1. Chapter 6: Robin Hood or Robbing Hood?
        1. Joyti De Laurey and Goldman Sachs
        2. Case Closure and Outcomes
        3. The Successful Frauditor’s View
      2. Chapter 7: Bringing down the bank at Barings
        1. Case Background
        2. The Tale of The Fraudulent Trader
        3. Case Outcomes and Conclusions
    12. Part V: UK Police Internal Fraud
      1. Chapter 8: The ‘Laird of Tomintoul’— and how to get the right to graze sheep at Scotland Yard
        1. Case Background
        2. A Sad and Sorry Tale of Crossed Wires and Missed Opportunities
        3. Case Conclusions
      2. Chapter 9: Corporate credit cards for cops—Part II
        1. Introduction
        2. Case Background
        3. Part I—From An Internal Fraud Hotline to The Joint Police and Audit Investigation
        4. Part II—Sounding The Alarm As The Corporate Ship Starts to Sink
        5. Part III—Internal Audit Shows its Teeth, with Unexpected Consequences
        6. Part IV—Internal Audit, Professional Standards and Met Finance Join Forces
        7. The Final Reckoning on Corporate Credit Cards
        8. The Last Word on Corporate Credit Cards For Cops?
    13. Part VI: Internal UK Fraud
      1. Chapter 10: Curiouser and curiouser
        1. 1. The Live Parrot Sketch
        2. 2. Sex + Drugs = Greed + Need
        3. 3. Mr Walsby-Tickle’s Little ‘Tickle’
    14. Part VII: Government
      1. Chapter 11: The men from the Ministry
        1. The Outrageous Case of Gordon Foxley—and How He Out-Foxed The Pursuing Hounds
        2. The Curious Case of Michael Allcock—Revenue Saint Turned Sinner
        3. The Men at The Ministry—Conclusions
      2. Chapter 12: The ghost, the guardian and the Galleria—internal fraud in local authorities
        1. Case 1—A Ghost in The Machine
        2. Case 2—The Guardian Who Wasn’t An Angel
        3. Case 3—The Pig Farmer With His Snout in The Trough
        4. Case 4—The Galleria: A Housing Scandal That All But Bankrupted A Local Council
      3. Chapter 13: The heating contractor who was just a load of hot air
        1. Case Background
        2. The Fraud
        3. Case Conclusions
    15. Part VIII: UK Police and Military Outsourcing and Procurement
      1. Chapter 14: An outsourcing nightmare
        1. Case Context and Background
        2. The Met’s Internal Audit Directorate Starts to Take An Interest
        3. Case Conclusions
      2. Chapter 15: Alarm bells should have been ringing out, loud and clear
        1. Case Background
        2. Round One—The First Audit Investigation
        3. Round Two—The Joint Internal Audit and Police Investigation
        4. Round Three—Internal Differences—At The Met and The Contractor—Get in The Way of Our Inquiries
        5. Round Four—A Case Revisited and Internal Audit to The Rescue
      3. Chapter 16: Fun with works and maintenance in the police and the Ministry of Defence
        1. Background
        2. When The Mod Came Calling Far Too Late
        3. The Armed Robber, The Money Launderer and The Police Officer
        4. Smile, Please! You’ve Just Been Framed!
    16. Part IX: US Company Fraud
      1. Chapter 17: Crazy Eddie wasn’t so crazy after all
        1. 1987—The Year of Great Unravelling
        2. The Final Curtain For Crazy Eddie
        3. Endgame—The Criminal and Civil Cases and Their Conclusions
      2. Chapter 18: ZZZZ Best and Barrie Minkow—saint or sinner?
        1. Introduction
        2. Phase I—The Rise and Rise of Barry Minkow and ZZZZ Best
        3. Phase II—What Goes Up Must Come Down—and With A Bump
        4. Phase III—The Phoenix Rises From The Ashes
        5. Phase IV—The Phoenix Turns Out to Be A Phoney
    17. Part X: Multi-National Fraudsters
      1. Chapter 19: Firepower: a bitter pill to swallow
        1. Firepower, A Little Blue Pill and Tim Johnston
      2. Chapter 20: Recent scandals in the subcontinent
        1. 1. The Great Indian Telecoms Fraud
        2. 2. Satyam Computer Services—Riding The Tiger For A Billion Pounds
    18. Part XI: Concluding Thoughts
      1. Chapter 21: Can significant frauds be nipped in the bud?
        1. Getting The Best Possible Chance to Nip First Time Frauds in The Bud
        2. The Value of Effective Vetting of New Employees and Those in A Position of Trust
        3. Minimising The Risk of A Repeat Occurrence of A Large Fraud
        4. Endnote
    19. Index