Job sat fraud
Why do employees with high job satisfaction commit fraud?
Erica Miller
Southern Technical College
Table of Content
Abstract 3
Introduction 4
Definition of Terms 5
Methodology 5
Results 6
References 8
Abstract When people who hear about executives that commit fraud the thing that first comes to mind may be: “They must have really hated their job or company to do such a thing”. That may not always be the case. In some cases it is the CEO or even the founder of the company that committed the fraud. The notorious cases of Enron, Madoff Investment Securities, Tyco and others, prompt me to ask why they would do such a thing. In the cases of Ken Lay and Bernard Madoff, they built their companies from nothing to multimillion dollar corporations; yet brought their companies to ruin from the inside. The purpose of this study is to examine the relationship between CEOs with high job satisfaction and their propensity to commit fraud. Why do employees with high job satisfaction commit fraud? This study will focus on company CEOs and founders who have committed fraud against their own companies. I hope to show that even though these people probably loved both their job and their company, this did not stop them from stealing. Understanding the characteristics of fraudsters may help us identify what kind of people would run their companies into bankruptcy by stealing millions upon millions of dollars from the companies they work for.
Job Satisfaction and Fraud
The Problem:
Why do employees with high job satisfaction commit fraud? The purpose of this study is to try and find out why someone who has high job satisfaction would commit fraud against the company the work for. According to The Association of Certified Fraud Examiners (ACFE) (2014), “Nineteen percent of all fraud is committed by founders or company executives”. The fraud triangle would suggest that it is just a matter of opportunity, motivation, and/or
Erica Miller
Southern Technical College
Table of Content
Abstract 3
Introduction 4
Definition of Terms 5
Methodology 5
Results 6
References 8
Abstract When people who hear about executives that commit fraud the thing that first comes to mind may be: “They must have really hated their job or company to do such a thing”. That may not always be the case. In some cases it is the CEO or even the founder of the company that committed the fraud. The notorious cases of Enron, Madoff Investment Securities, Tyco and others, prompt me to ask why they would do such a thing. In the cases of Ken Lay and Bernard Madoff, they built their companies from nothing to multimillion dollar corporations; yet brought their companies to ruin from the inside. The purpose of this study is to examine the relationship between CEOs with high job satisfaction and their propensity to commit fraud. Why do employees with high job satisfaction commit fraud? This study will focus on company CEOs and founders who have committed fraud against their own companies. I hope to show that even though these people probably loved both their job and their company, this did not stop them from stealing. Understanding the characteristics of fraudsters may help us identify what kind of people would run their companies into bankruptcy by stealing millions upon millions of dollars from the companies they work for.
Job Satisfaction and Fraud
The Problem:
Why do employees with high job satisfaction commit fraud? The purpose of this study is to try and find out why someone who has high job satisfaction would commit fraud against the company the work for. According to The Association of Certified Fraud Examiners (ACFE) (2014), “Nineteen percent of all fraud is committed by founders or company executives”. The fraud triangle would suggest that it is just a matter of opportunity, motivation, and/or
References: 2014 Report to the Nations on Occupational Fraud and Abuse. (2014). Retrieved August 5, 2014, from ACFE website: http://www.acfe.com/uploadedFiles/ Lambe, N. (2013). Profile Of A Fraudster Lessons For Those Charged With Governance. Watson, D., & Watson, D. (2013). The value of trust: The danger of betrayal - A case study approach to business gone bad Weber, J. (2009). Internal fraud: Why it happens. Hoosier Banker, 83(1), 30-32. Retrieved from http://search.proquest.com.ezp-