Control fraud theory
Control fraud occurs when a trusted person in a high position of responsibility in a company, corporation, or state subverts the organization and engages in extensive fraud for personal gain. The term Control fraud was coined by William K. Black to refer both to the acts of fraud and to the individuals who commit them.

This is an excerpt from the article Control fraud theory from the Wikipedia free encyclopedia. A list of authors is available at Wikipedia.
The article Control fraud theory at en.wikipedia.org was accessed 6 times in the last 30 days. (as of: 05/24/2014)
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Control fraud - Wikipedia, the free encyclopedia
Control fraud occurs when a trusted person in a high position of responsibility in a company, corporation, or state subverts the organization and engages in ...
en.wikipedia.org/wiki/Control_fraud
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Schneier on Security: Control Fraud
Nov 1, 2010 ... Control fraud theory was developed in the savings and loan debacle. It explained that the person controlling the S&L (typically the CEO) posed ...
www.schneier.com/blog/archives/2010/11/control_fraud.html
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Control Fraud Theory: When CEOs go bad | MetaFilter
Ken Lay & Enron. Bernie Madoff. Bernie Ebbers & WorldCom. What is it about CEOs that makes them uniquely capable of pulling off the most ...
www.metafilter.com/97421/Control-Fraud-Theory-When-CEOs-go-bad
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The Value of Applying Control Fraud Research to Microfinance ...
Mar 27, 2012 ... The application of Control fraud theory to microfinance is an interesting concept because microfinance typically does not provide one of the key ...
neweconomicperspectives.org/2012/03/the-value-of-applying-control-fraud-research-to-microfinance.html
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Book review: Control fraud theory v. the protocols - Springer
Apr 1, 2006 ... Book review: Control fraud theory v. the protocols. William K. Black … show all 1 hide. 368 Downloads 200 Citations 9 Comments. Download ...
link.springer.com/article/10.1007%2Fs10611-006-9031-7
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When Fragile becomes Friable: Endemic Control Fraud as a Cause ...
theories economists should know about. “Control fraud” theory explains why the most damaging forms of fraud are situations in which those that control the ...
www.peri.umass.edu/fileadmin/pdf/conference_papers/SAFER/Black_Fragile_Friable.pdf
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The Control Fraud Theory | ThereAreNoSunglasses
Nov 22, 2010 ... The Control fraud theory Control fraud theory was developed in the savings and loan debacle. It explained that the person controlling the S&L ...
therearenosunglasses.wordpress.com/2010/11/22/the-control-fraud-theory/
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John Jay 4.1.09 Accounting Control Fraud As Weapon - SlideShare
Sep 20, 2009 ... Accounting Control Fraud is How They Get Away With It William K. Black ... There are economic theories that are useful to understand fraud But ...
www.slideshare.net/guestc30bce/john-jay-4109-accounting-control-fraud-as-weapon
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104 - Examining 'Control Fraud' Theory and the Mortgage Meltdown ...
Oct 18, 2011 ... The latest ABI Podcast features ABI Resident Scholar Jason Kilborn talking with Prof. William Black, Associate Professor of Economics and Law ...
news.abi.org/podcasts/104-examining-control-fraud-theory-and-the-mortgage-meltdown
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EXTEND AND PRETEND: Its Either RICO Act or Control Fraud
Additionally, because the Prompt Corrective Action Law is not being enforced, the felony of accounting control fraud is being committed. Control fraud theory was ...
www.gordontlong.com/2010/Article-Extend_and_Pretend-Control_Fraud.htm
Search results for "Control fraud theory"
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Control fraud theory in science
Book review: Control fraud theory v. the protocols - Springer
Apr 1, 2006 ... Book review: Control fraud theory v. the protocols. William K. Black … show all 1 hide. 368 Downloads 200 Citations 9 Comments. Download ...
The Best Way to Rob a Bank Is to Own One - University of Texas Press
Black uses the latest advances in criminology and economics to develop a theory of why "control fraud"—looting a company for personal profit—tends to occur in ...
[PDF]When Fragile becomes Friable: Endemic Control Fraud as a Cause ...
Endemic control fraud causes institutions and trust to become friable – to crumble – and .... Control fraud theory explains why these frauds cause such disproportionate losses. In the ..... Berkeley and Los Angeles: University of California Press.
[PDF]The New Fraud Triangle Model - Journal of Emerging Trends in ...
2School of Business and Economics, Loughborough University, ... It explains Cressey's fraud theory and shows its significance, presents the other fraud models and relates them .... risks occur when the controls do not operate as intended by ...
William K. Black - Wikipedia, the free encyclopedia
He developed the concept of "control fraud", in which a business or national ... Black earned a J.D. from the University of Michigan Law School and a Ph.D. from the .... Re-examining the Law & Economics Theory of Corporate Governance, ...
Control fraud - Wikipedia, the free encyclopedia
Control fraud occurs when a trusted person in a high position of responsibility in a ... The term Control fraud was coined by William K. Black to refer both to the acts of fraud and to the individuals who commit them. ... University of Texas Press .
104 - Examining 'Control Fraud' Theory and the Mortgage Meltdown ...
Oct 18, 2011 ... William Black, Associate Professor of Economics and Law at the University of Missouri-Kansas City, about Prof. Black's theory of 'control fraud' ...
John Jay 4.1.09 Accounting Control Fraud As Weapon - SlideShare
Sep 20, 2009 ... Accounting Control Fraud is How They Get Away With It William K. Black ... of Economics and Law University of Missouri – Kansas City How Do T. ... There are economic theories that are useful to understand fraud But ...
The Evolution of Fraud Theory
Each of these fraud theories provides a unique perspective of fraud as well as insight ... Perceived opportunity is the perception (1) that a control weakness is present, ...... West Virginia University: Forensic accounting and fraud investigation .
Books on the term Control fraud theory
Securities Fraud: Detection, Prevention and Control
Securities Fraud: Detection, Prevention and Control
Louis L. Straney, 2010
Written by a Wall Street professional with three decades of experience spanning the most critical period of our financial markets This book challenges classic fraud theories, describing how to dismantle information silos that permit ...
Fraud Risk Assessment: Building a Fraud Audit Program
Fraud Risk Assessment: Building a Fraud Audit Program
Leonard W. Vona, 2008
Providing a comprehensive framework for building an effective fraud prevention model, Fraud Risk Assessment: Building a Fraud Audit Program presents a readable overview for developing fraud audit procedures and building controls that successfully minimize fraud. An invaluable reference for auditors, fraud examiners, investigators, CFOs, controllers...
The Best Way to Rob a Bank Is to Own One: How Corporate ...
The Best Way to Rob a Bank Is to Own One: How Corporate ...
William K. Black, 2009
This is why our war on the control frauds was so audacious: at a time when hundreds of S&Ls were reporting that they ... It is easy to see why they reject Control fraud theory: they think it requires them to believe that the CEO and auditor are ...
Trusted Criminals: White Collar Crime In Contemporary Society
Trusted Criminals: White Collar Crime In Contemporary Society
David O. Friedrichs, 2009
TRUSTED CRIMINALS: WHITE COLLAR CRIME IN CONTEMPORARY SOCIETY is a comprehensive guide that covers topics ranging from the problems involved in studying white collar crimes to the principal focus of the crimes to the character of the legal and criminal justice response to the crime.
Fraud Risk Assessment: Building a Fraud Audit Program
Fraud Risk Assessment: Building a Fraud Audit Program
Leonard W. Vona, 2012
Like all costs of doing business, fraud must be managed. Management must recognize that people commit fraudulent acts because of the pressures and rationalization aspects of the fraud theory. The control opportunity provides people with ...
Criminology, Eighth Edition: Explaining Crime and Its Context
Criminology, Eighth Edition: Explaining Crime and Its Context
2012
This highly acclaimed criminology text presents an up-to-date review of rational choice theories, including deterrence, shaming, and routine activities. It also incorporates current examples of deterrence research regarding domestic violence, drunk driving, and capital punishment, and features thought-provoking discussion of the relativity of crime...
Encyclopedia of White-collar Crime
Encyclopedia of White-collar Crime
Jurg Gerber, Eric L. Jensen, 2007
explain why control fraud was invariably present at the typical large failure. There were over 1,000 felony convictions of senior S&L insiders. Accounting fraud made control fraud a sure thing — not a gamble. Control fraud theory predicts the  ...
Historians In Trouble: Plagiarism, Fraud, And Politics In The Ivory Tower
Historians In Trouble: Plagiarism, Fraud, And Politics In The Ivory Tower
Jon Wiener, 2004
As readable as any political thriller. -- Library Journal, Scott H. SilvermanGoes into court documents and behind the newspaper and network scenes to tell us about coverups, screwups, and secret settlements. -- John Leonard, Harper's Magazine, 1 January 2005His argument that historical scandals have been hijacked by outside groups, will no rea...
Executive Roadmap to Fraud Prevention and Internal Control: ...
Executive Roadmap to Fraud Prevention and Internal Control: ...
Martin T. Biegelman, Joel T. Bartow, 2012
Corporate fraud is no different. An excellent example of the “Tip of the Iceberg Theory of Fraud” is an insurance fraud case investigated by the Postal Inspection Service, the IRS, and the FBI in the 1990s in New York. The case started with an  ...
Executive Roadmap to Fraud Prevention and Internal Controls: Creating a Culture of Compliance
Executive Roadmap to Fraud Prevention and Internal Controls: Creating a Culture of Compliance
2006
Praise for Executive Roadmap to Fraud Prevention and Internal Control"Our nation is faced with dual alarming trends of record highs in white-collar crime and seemingly record lows in ethics. The solution cannot be left only to legislators, regulators, and law enforcement. It requires the attention of all of us in business to create a culture o...
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Blog posts on the term
Control fraud theory
Schneier on Security: Control Fraud
www.schneier.com/blog/archives/2010/11/control_fraud.html
Shadow Banking and the Global Financial Ecosystem « naked capitalism
Commentary on current economic and financial news.
www.nakedcapitalism.com/2013/11/shadow-banking-and-the-global-financial-ecosystem.html
The Taylor Rule: Ignore Fraud Epidemics and Worship Markets | New Economic Perspectives
In virtually every case, the economists who purported to study natural experiments by “testing precise hypotheses” implicitly excluded control fraud as a possible explanatory variable
neweconomicperspectives.org/2013/11/taylor-rule-ignore-fraud-epidemics-worship-markets.html
The Control Fraud Theory | ThereAreNoSunglasses
The Control fraud theory Control fraud theory was developed in the savings and loan debacle. It explained that the person controlling the S&L (typically the CEO) posed a unique risk because he could use it as a weapon. The theory synthesized criminology (Wheeler and Rothman 1982), economics (Akerlof 1970), accounting, law, finance, and political science.…
therearenosunglasses.wordpress.com/2010/11/22/the-control-fraud-theory/
The agency problem and how to create a criminogenic environment | Credit Writedowns
The problem of not understanding fraud mechanisms is most intense among economists, who typically do not study fraud, do not understand fraud mechanisms, and have a tribal taboo against even writing or speaking the word “fraud.”
www.creditwritedowns.com/2013/08/white-collar-crime-regulation-control-fraud.html
Legal Theory Blog: Goldberg & Zipursky on the Fraud-on-the-Market Tort
John C. P. Goldberg and Benjamin C. Zipursky (Harvard Law School and Fordham University School of Law) have posted The Fraud-on-The-Market Tort (Vanderbilt Law Review, Vol. 66, 2013, Forthcoming) on SSRN. Here is the abstract: Fraud on the market is...
lsolum.typepad.com/legaltheory/2013/10/goldberg-zipursky-on-the-fraud-on-the-market-tort.html
Fighting Business Fraud in Central Europe: A Few Recipes | Visegradrevue
visegradrevue.eu/?p=1871
EconoMonitor : EconoMonitor » Bank Failures Are “Inconceivable” Under the Latest Neoclassical Fantasy
Economic analysis, discussion and debate.
www.economonitor.com/blog/2013/10/bank-failures-are-inconceivable-under-the-latest-neoclassical-fantasy/
Science Fraud | Watch Free Documentary Online
While there are more than one million active scientists in the United States critics argue that science is fairly frequently done as fast practice.
topdocumentaryfilms.com/science-fraud/
Arnold Kling’s Cunning Hairdresser Theory of the Financial Crisis – Bill Black | The Wall Street Examiner
Arnold Kling is a libertarian economist who once worked for Freddie Mac. This article discusses a blog and an article he wrote about the causes of the cri...
wallstreetexaminer.com/2013/10/14/arnold-klings-cunning-hairdresser-theory-of-the-financial-crisis-bill-black/
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