THREE WAYS TO STEAL

    (By Dr. Joseph W. Koletar) While there are hundreds of dishonest ways one person can take money from another person they fall into three basic categories. In reverse order of frequency they are: • Force, or Threat of Force (We call these Armed Robbery, Extortion, and Kidnapping); • Stealth (We call these Auto […]

 

IS “SORRY” ENOUGH?

(By Dr. Joseph W. Koletar) It is not unusual for financial sector brigands to express some remorse once their misdeeds have come to light. Such actions may be lucrative – paid speaking engagements, advising corporate Boards on why they should be more attentive, etc. The Wall Street Journal of April 30 – May 1, 2016 […]



IT TAKES A MACHINE

(By Joseph W. Koletar) On March 28, 2016, Niall Ferguson, Professor of History at Harvard, published his thoughts that to defeat a network such as ISIS will require a countervailing network of countries, agencies, and people in many fields. This is not unlike the movie, The Imitation Game, which recounted the efforts of Alan Turing, […]



DARK TRIAD PERSONALITIES: SLEEPER CELL FRAUDSTERS? COULD YOU BE ONE?

(By Jack Bigelow) Corporate fraud prevention and detection tools include organizational structure design, tests, checklists, “healthy skepticism,” and other nonpersonal procedures targeting financial mischief. But there’s growing interest now in looking at the deep psychological influences on managers committing fraud, to see why (beyond the surface factor of greed) they do it. We call this […]

   

Another Look at Greed

Greed’s ties to Technology and Values (By guest blogger, Organizational Psychiatrist: David E. Morrison, M.D.) The bloggers for this web page and authors of  The A.B.C.s of Behavioral Forensics (Wiley, 2013) argue that the motivations for fraud lie much deeper than the conventional wisdom’s diagnosis, “greed.”  As a consulting psychiatrist, I fully endorse that argument.  […]



Corporate Cooperation: Fact or Fiction?

(By Vic Hartman) Americans’ perception that bankers and Wall Street fat cats escaped accountability for their role in the recent financial crisis has not gone unnoticed by the Department of Justice (DOJ). The difficulties in prosecuting these executives has also been discussed on these blog pages, see “How To Explain the Mortgage Fraud Crisis: A […]