Book review: Fraud: An American History from Barnum to Madoff

Balleisen, Edward J.; Chandler, Roy

doi:10.1177/1032373218764687

Cited by 3 publications

(4 citation statements)

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“…Since the 1990s, government deregulation, the decline in labor unions and reorientations in corporate finance have expanded managerial discretion and raised new concerns about managerial accountability. This is exemplified by financial frauds and scandals often associated with poor monitoring of management decisions and excessive risk-taking (Balleisen 2017;van Driel 2019). The 2008 financial crisis provides an example (Lo 2012).…”

Section: Discussionmentioning

confidence: 99%

On the role of social rules in economic development: historical perspectives

Chavas

2023

Evolut Inst Econ Rev

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This paper explores the role of social rules in economic development. It reviews the historical evidence on social rules and their linkages with human capital. We present supporting evidence from the historical evolution of four important aspects of society: (1) improved dispute resolution mechanisms; (2) the elimination of debt bondage; (3) reductions in the severity of punishments; and (4) the development of limited liability rules and their linkages with the rise of the modern corporation. In each case, we evaluate how social rules have evolved to protect human capital and support economic development.

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Section: Discussionmentioning

confidence: 99%

On the role of social rules in economic development: historical perspectives

Chavas

2023

Evolut Inst Econ Rev

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“…Covid‐19 has exacerbated financial scams by creating an environment ripe for fraud (Ma & McKinnon, 2021). Scammers capitalize on economic disruption, fear, and misinformation to deceive their targets (Balleisen, 2018). Social distancing and job loss brought on by the pandemic has increased loneliness and financial fragility for many, which our study suggests may lead to increased susceptibility to certain scams.…”

Section: Discussionmentioning

confidence: 99%

“…Covid-19 has exacerbated financial scams by creating an environment ripe for fraud (Ma & McKinnon, 2021). Scammers capitalize on economic disruption, fear, and misinformation to deceive their targets (Balleisen, 2018). Social Our study does not allow us to investigate differences in the true rate of victimization for each category of scam.…”

Section: Implications For Practicementioning

confidence: 99%

Correlates of responding to and becoming victimized by fraud: Examining risk factors by scam type

DeLiema

Mottola

2022

Int J Consumer Studies

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Consumer fraud reports in North America have been increasing each year along with median fraud losses. Using survey data from 1375 American and Canadian consumers who previously reported a scam to a North American consumer complaint organization, this study examines the correlates of responding to and losing money to four categories of consumer fraud: opportunity-based scams, threat-based scams, consumer purchase scams, and phishing scams. Relative to opportunity-based scams that offer the promise of rewards, consumers were less likely to respond to and report losing money when solicited by threat-based scams and phishing scams. The odds of victimization were highest for consumer purchase scams. Risk factors, including gender, race, education, income, loneliness, financial fragility, and financial literacy, differed across scam categories, suggesting that victim profiles differ across fraud types. Some of the risk factors associated with responding to the scam solicitation (vs. ignoring it outright) were different from risk factors associated with victimization. Having advance knowledge of fraud prior to being exposed was protective across nearly all scam types. Results suggest that awareness about specific scams helps protect against financial loss. Additional research is needed on how to effectively deliver fraud awareness messages to those who are most susceptible.

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“…Whatever the means used to harm others for the purpose of achieving personal benefits, it falls within the fraud operations (Odunayo, 2014) [23] . The fraud triangle occurrence of fraud involves a group of common factors that are present when fraud operations occur at all levels in any organization, these factors are called the fraud triangle that was developed before (Balleisen, 2017) [10] . The American Institute of Certified Public Accountants has referred to these three elements as fraud risk factors which include the following (Pettigrew, 2018) [26] .…”

Section: Fraud Conceptmentioning

confidence: 99%

The impact of forensic accounting on combating the financial fraud an exploratory study of the opinions of a sample of accountants in commercial banks in Basra

Hassan,

Samara,

Mohsen

2024

IJMOR

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This research aims to identify the impact of applying forensic accounting in commercial banks on combat financial fraud, by identifying the extent of the providing financial, and the enjoyment of the persons charged with a forensic accountant with the required scientific knowledge competence qualifications, and necessary skillfulness, and the availability of a legislative and regulatory community that stipulates it is governed by Iraqi law. The study sample consisted of (250) questionnaires that were distributed to accountants working in commercial banks in Basra, and the researchers relied on the descriptive and analytical approach in preparing the study, many statistical methods were used, such as descriptive statistics and regression analysis. This study found that the forensic accounting method leads to providing high confidence among all users of accounting data because it contributes to detecting cases of fraud and fraud that may appear in the activities of commercial banks and others. This study recommended the need to enhance awareness and education of the importance of forensic accounting and introduce the advantages of its use in various fields, the need to benefit from the experiences of some developed countries in the field of forensic accounting, and how to combat these crimes.

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Book review: Fraud: An American History from Barnum to Madoff

Cited by 3 publications

References 0 publications

On the role of social rules in economic development: historical perspectives

On the role of social rules in economic development: historical perspectives

Correlates of responding to and becoming victimized by fraud: Examining risk factors by scam type

The impact of forensic accounting on combating the financial fraud an exploratory study of the opinions of a sample of accountants in commercial banks in Basra

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