Problem - Using the Internet, find a recent case in the news about business fraud (within the last 18 months) that involved systems and/or information breach. Summarize the situation, identify the control issues that were compromised and discuss what could have been done to mitigate the loss. Please refer to the six questions on page 143 related to Case 5-1. Adapt those questions to your case in the news and they will serve as good guidance for your paper.

The layout of the paper must follow one of the styles (APA, etc.) that are listed in the syllabus. The body of the paper must be at least 750 words, not including the cover page, page/section headings, or the reference page. It must also include several in-text citations from outside sources (excluding your textbook) of your choosing. Please use one of the accepted methods for citing outside sources as outlined in the syllabus.

1. How does The company/the fraudster fit the profile of the average fraud perpetrator? How does he differ? How did these characteristics make him difficult to detect?

2. Explain the three elements of the opportunity triangle (commit, conceal, convert), and discuss how The company/the fraudster accomplished each when embezzling funds from Associated Communications. What specific concealment techniques did The company/the fraudster use?

3. What pressures motivated The company/the fraudster to embezzle? How did The company/the fraudster rationalize his actions?

4. The company/the fraudster had a framed T-shirt in his office that said, "He who dies with the most toys wins." What does this tell you about The company/the fraudster? What lifestyle red flags could have tipped off the company to the possibility of fraud?

5. Why do companies hesitate to prosecute white-collar criminals? What are the consequences of not prosecuting? How could law enforcement officials encourage more prosecution?

6. What could the victimized companies have done to prevent The company/the fraudster's embezzlement?