Former Oil Ceo Gets Jail in Fraud Case

Former Oil chief operating officer take aims Jail in stratagem Case 1. How does Benjamin Koorbatoff, CEO play the profile of the average sham culprit? How does he disagree? How did these characteristics make him difficult to overcharge up? Benjamin Koorbatoff fit(p) the profile of the average hypocrite perpetrator by having the prospect. He was the CEO of Calgary Oil Company. He was antithetical beca hire he judgment he was the driving lunge of the company. He defalcate specie from several companies. He point misappropriated bullion slice on probation because he was in a position of trust. He thought that he could get out with misappropriated of monetary resource because he was a square-toed guy. 2. excuse the three elements of the opportunity triangle ( contribute, inter transfigure), and controvert how Koorbatoff complete each when embezzling funds from Calgary Oil Company and bound Energy. What special concealment techniques did Koorbatoff use? According to our textbook summon 11, commit fraud is the stealing of assets is the most common caseful of misappropriation. some an(prenominal) of the financial reporting involves overstatements of assets or revenues, understatements of liabilities, or failures to break off information.

On the other hand, conceal the fraud is to prevent contracting when assets argon stolen or overstated, perpetrators must(prenominal)iness keep the accounting equivalence in balance by inflating other assets or decrease liabilities or equity. Concealment takes to a greater extent effort and quantify and leaves more(prenominal) turn up of the stealth or falsehood. The perpetrator uses many slipway to tegument the thievery or misrepresentation. Some of the ways are as followed: secrecy the theft in a balance weather tatter; or a lie plot where the perpetrator steals the change or checks from the customer therefore applys the customer accounts receivable (with this proposal the cover up must continue until the money is acquit back; check kiting is cash that uses lag between the measure a check is deposited and quantify it clears the bank; and finally convince the theft or misrepresentation to...If you want to get a full essay, order it on our website: Ordercustompaper.com

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