I formulate a model to emphasize the fraud detection role of auditors in the financial market and relate the role to …

Participants in the U.S. capital markets can be sued for securities fraud by a mishmash of enforcers, including the SEC …

Equity stripping fraud often masquerades as a sale-leaseback contract. Homeowners anticipating a refinance to settle a …

This paper develops an agent-based model to examine the emergent dynamic characteristics of fraud in organizations. In … the model, individual heterogeneous agents, each of whom can have motive and opportunity to commit fraud and a pro-fraud … regarding fraud can spread. Our benchmark analysis identifies two classes of organizations. In one class, we observe fraud …

tracking of assets by corporations that have been victims of a fraud committed by an employee. It presents, in a succinct …

Quantifying the amount of actual loss within securities fraud cases is crucial to criminal sentencing. The United … stock prices during and after the fraud. This paper argues that the Guidelines imprudently opt for ease of judicial … securities fraud with its civil counterpart, as promulgated by the Supreme Court in Dura Pharmaceuticals, Inc. v. Broudo. A …

The article argues that firm-level liability for fraud is justified by the need to secure the cooperation of the firm … fraud has often been criticized. The empirical evidence suggests that firms overpay for fraud liability and overspend on … internal compliance mechanisms (which are generally ineffective at preventing fraud). Yet, insiders who commit fraud are rarely …

In this article, we study under what circumstances a gas station is more likely to commit fuel fraud. Using a new and … hitherto unexploited list of fuel fraud detections, we find evidence that stations under less favorable economic conditions … reputational incentives for product credibility is stronger for chain stations than independent ones. Also, fuel fraud tends to …