LF logo
by learnformula
search
Log in
search
Courses/Audit & Assurance/Fraud

Theft of $450,000 - a Nickel at a Time

Embezzlement Case Study

Created byGREG WRIGHT
4.4
(31 reviews)
IntermediateUpdated Jul 14, 2020
Theft of $450,000 - a Nickel at a Time

What You'll Learn

check_circleIdentify common red flags and internal control weaknesses that can enable long-term financial fraud.
check_circleUnderstand the behavioral patterns and motivations behind white-collar crime through a real-life embezzlement case.
check_circleAnalyze the consequences of inadequate oversight and hiring practices in sensitive financial roles.
check_circleApply lessons learned to strengthen fraud prevention strategies within organizations.

About This Course

This course presents a real-life case study of a long-term embezzlement scheme that lasted over a decade—far beyond the typical two-year detection window for white-collar crimes. At the time of discovery, it was the largest fraud ever uncovered by Indiana state auditors. Participants will explore how the perpetrator executed and concealed nearly daily thefts for years without detection, offering valuable insights into internal control failures and red flags missed along the way.

The case study follows the embezzler’s journey from early life through the fraud, its accidental discovery, her time in prison, and eventual release. Shockingly, after serving her sentence, she was found employed in a sensitive role within Indiana University’s purchasing department. This story serves as a cautionary tale about the risks of poor oversight and the importance of thorough background checks and robust financial controls.

Your Instructor

GREG WRIGHT
GREG WRIGHT

Financial & Fraud Investigator

menu_book3 courses
star97 reviews

Greg Wright has leveraged his experience in financial services and corporate finance to help him investigate fraud, conduct background research, and recover financial judgments. He has conducted hundreds of interviews of witnesses and fraud suspects. He is a Certified Fraud Examiner, Certified Financial Planner, Chartered Life Underwriter, and Chartered Financial Consultant. He received his MBA degree from Butler University.

Credit Information

What Students Are Saying

4.4
Student's Choice
31 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.