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<p>Preface xi</p> <p>Chapter 1 Keep On Trucking 1<br /><i>Ralph Wilson</i></p> <p>Chapter 2 Too Good to Be True? 13<br /><i>Carolyn Conn</i></p> <p>Chapter 3 Trust Us . . . We Wouldn’t Lie to You 25<br /><i>Stephen Pedneault</i></p> <p>Chapter 4 Rotten from the Core 35<br /><i>Paul Pocalyko and Colleen Vallen</i></p> <p>Chapter 5 The Broken Trust 45<br /><i>Aaron Lau</i></p> <p>Chapter 6 The Perfect Family Business 57<br /><i>Alejandro Morales</i></p> <p>Chapter 7 Auditor’s Loyalty 67<br /><i>Jyoti Khetarpal</i></p> <p>Chapter 8 Easy Come, Easy Go 75<br /><i>Brad Mroski</i></p> <p>Chapter 9 Organized Crime Is Not Just for the<i> </i>Usual Suspects<i> 83<br /></i><i>David Shapiro</i></p> <p>Chapter 10 The Spinster and the Investment 95<br /><i>Eric Sumners</i></p> <p>Chapter 11 This Might Sound Familiar . . . 103<br /><i>James M. Brown</i></p> <p>Chapter 12 Pulling the Strings 113<br /><i>Jay Dawdy</i></p> <p>Chapter 13 A Tale of Two Books 123<br /><i>John Beard</i></p> <p>Chapter 14 The Family Man Behind Bars 131<br /><i>Antonio Ivan Aguirre</i></p> <p>Chapter 15 Net Capital Requirements 141<br /><i>Kevin G. Breard</i></p> <p>Chapter 16 Delaying the Inevitable 149<br /><i>JoLynn Runolfson</i></p> <p>Chapter 17 Power and Corruption in the Publishing Industry 159<br /><i>Kenneth Biddick</i></p> <p>Chapter 18 It Starts and Ends at the Top 169<br /><i>Kimiharu Chatani</i></p> <p>Chapter 19 The Triple-Three 177<br /><i>Leonard Rang’ala Lari</i></p> <p>Chapter 20 What Is 1 þ 1? What Do You Want It to Be? 187<br /><i>Robert Barr</i></p> <p>Chapter 21 Take Two 197<br /><i>Matthias Kopetzky</i></p> <p>Chapter 22 Wade’s WMD 207<br /><i>Michael Spindler</i></p> <p>Chapter 23 Fraud Under the Sun 217<br /><i>Oscar Hern</i>á<i>ndez Hern</i>á<i>ndez</i></p> <p>Chapter 24 Franklin County Contractors: A Case of Concealed Liabilities 227<br /><i>Patricia A. Patrick</i></p> <p>Chapter 25 The Fall Man 237<br /><i>Nearchos A. Ioannou</i></p> <p>Chapter 26 The Happy Life 245<br /><i>Tamer Fouad Gheith</i></p> <p>Chapter 27 A Very Merry Fraud 255<br /><i>Clive Tomes</i></p> <p>Chapter 28 Missing Ingots 265<br /><i>Prabhat Kumar</i></p> <p>Chapter 29 When Silver Spoons Are Not Enough 273<br /><i>Walter Pagano and Deborah Kovalik</i></p> <p>Chapter 30 Sales Commission and Fraud Perpetration 283<br /><i>Tarek El S.M. El Meaddawy</i></p> <p>Chapter 31 Like Two Sides of the Same Coin 291<br /><i>Patrick Wellens</i></p> <p>Chapter 32 A President Illuminated 301<br /><i>Theodore G. Phelps and Cindy Park</i></p> <p>Chapter 33 Trouble in Tallahassee 313<br /><i>Dr. Tim Naddy</i></p> <p>Glossary 325</p> <p>Index 329</p>

<p><b>D<small>R</small>. JOSEPH T. WELLS, CPA, CFE,</b> is the founder and Chairman of the Association of Certified Fraud Examiners (ACFE) and a former adjunct professor of fraud examination at the University of Texas at Austin. He writes, researches, and lectures to business and professional groups on fraud-related issues and is frequently quoted in the media. He has won top writing awards from both <i>Internal Auditor</i> and the <i>Journal of Accountancy</i> magazines, and is a winner of the Innovation in Accounting Education Award presented by the American Accounting Association. For his landmark research in fraud detection and deterrence, Dr. Wells has been inducted into the American Institute of CPAs Business and Industry Hall of Fame and named to <i>Accounting Today's</i> list of top 100 most influential people for nine years in a row.

<p><b>FINANCIAL STATEMENT FRAUD CASEBOOK</b> <p>BAKING THE LEDGERS AND COOKING THE BOOKS <p>It might seem that accounting fraud only occurs at mega-companies such as Enron, Tyco, and WorldCom, but as <i>Financial Statement Fraud Casebook: Baking the Ledgers and Cooking the Books</i> reveals, that is entirely inaccurate. Edited by Dr. Joseph T. Wells—founder and chairman of the Association of Certified Fraud Examiners (ACFE)—this eye-opening casebook exposes you to the shady world of financial statement fraud—and its occurrence within companies of all shapes and size. <p>Reflecting the scams that happen in public organizations, private companies, nonprofits, and even charities, the cases in this book are written by those who have been on the frontlines of the described financial statement fraud investigations. Their unique insights are pulled from years of practical involvement, presenting important perspectives from cases, including: <ul> <li><b>Trust Us . . . We Wouldn't Lie to You: Independently and Objectively Research Every New Client,</b> <i>Stephen Pedneault</i></li> <li><b>Franklin County Contractors: A Case of Concealed Liabilities,</b> <i>Patricia A. Patrick</i></li> <li><b>Organized Crime Is Not Just for the Usual Suspects,</b> <i>David Shapiro</i></li> <li><b>The Spinster and the Investment,</b> <i>Eric Sumners</i></li> <li><b>The Perfect Family Business,</b> <i>Alejandro Morales</i></li> </ul> <p>Over the last hundred years, financial statement fraud has gotten larger and more frequent. Outlining each case—from how the financial statement fraud was engineered, to how it was investigated, and how the perpetrators were brought to justice—<i>Financial Statement Fraud Casebook</i> forms an educational and entertaining picture of this kind of fraud, its destructive impact on organizations, and what you can do to prevent it from starting in your own business.

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