Unique Characteristics of Predator Frauds
Document Type
Article
Publication Date
12-1-2017
Publication Source
Journal of Forensic Accounting Research
Abstract
Previous research has called for examination of differences in the fraud profile between “predator” fraudsters (repeat offenders) and “situational” fraudsters (first-time offenders). Using data from nearly 2,800 fraud cases included in the Association of Certified Fraud Examiners' Report to the Nations database, we identify unique characteristics of predator frauds. In the primary analysis, we find that predator fraudsters are less likely to be in leadership positions, are less educated, and tend to target smaller companies, while appearing less likely to target public companies. Predator frauds are shorter, but more costly overall, and there is some evidence that predator frauds are more likely to involve asset misappropriation or corruption. We also present exploratory analyses of “possible predators,” first-time offenders who strike the organization early in their tenure.
Inclusive pages
A31-A48
ISBN/ISSN
2380-2138
Copyright
Copyright © 2019, American Accounting Association. All rights reserved.
Publisher
American Accounting Association
Volume
2
Issue
1
Peer Reviewed
yes
eCommons Citation
Hermanson, Dana R.; Justice, Scot E.; Ramamoorti, Sridhar; and Riley, Richard A. Jr, "Unique Characteristics of Predator Frauds" (2017). Accounting Faculty Publications. 90.
https://ecommons.udayton.edu/acc_fac_pub/90
COinS
Comments
When available, the accepted manuscript (postprint) is provided in compliance with the publisher's policy on self-archiving. Permission documentation is on file.