This paper describes the empirical universe of financial fraud as it has been documented in the academic literature … of financial fraud: financial statement fraud, financial scams, and fraudulent financial mis-selling. What emerges is a … picture of financial fraud as a complex phenomenon that can take very different forms, depending on the market segments in …

Potential fraud can limit the promise of innovative mobile financial markets like Mobile Money, yet little is known … evaluate the extent of fraud — overcharged transactions — on Mobile Money and explore the mechanisms underlying the results …. Approximately 22% of transactions go fraudulent. Additional experiments indicate that fraud is higher for large amount transactions …