Greg and Caleb’s quarterly fraud webinars always analyze true crime, but this time the case hits close to home. Greg’s former boss stole $605,000 from the business and convinced the outside CPA firm to record it as a loan. We will dig into the details of this case, specifically looking at how fraud impacts small businesses and how the victims of fraud can actually aid and abet the perpetrator.  
 
Learning Objectives:

• Identify the red flags of fraud exhibited by the perpetrator in the case study


• List the common characteristics associated with fraudsters that were evident in the case study


• Identify the internal controls that could have helped prevent or detect the fraud in the case study