We provide a lower-bound estimate of the undetected share of corporate fraud. To identify the hidden part of the "iceberg," we exploit Arthur Andersen's demise, which triggered added scrutiny on Arthur Andersen's former clients and thereby increased the detection likelihood of preexisting...

The purpose of this study was to examine the potential for fraudulent financial reporting using the fraud hexagon theory factors such as stimulus (financial target, financial stability, and external pressure), capability (change in director), collusion (total board of commissioners who have...

Money laundering and waste-related crimes are widely studied by the literature. However, few attention has been paid to the connection between the latter and the former. Using Italian data at provincial level, the analysis presented here shows that also waste-related crimes generate illegal...

The world is a small place, but the internet is vast. No truer are those words than when considering the ways in which businesses grow and evolve on an international stage. Many dynamics come into play along with the many repercussions of bad choices or irresponsible business dealings. These are...

We build a theoretical framework for cross-border fraud in which fraud complaints follow a gravity model. Using several large databases of consumer complaints, we show empirically that complaints do exhibit gravity; compared to trade volumes, cultural distance is more important and physical...

Blockchain technology is a distributed ledger system that allows multiple parties to record and verify transactions in a secure and transparent manner. However, blockchain networks are vulnerable to anomalies and frauds that can have serious consequences for the integrity and security of these...

In the context of section 10(b) securities fraud class actions, conceptualizing corporate intent is both an unnatural and a necessary exercise. Courts apply a variety of different approaches, but their reasoning is generally grounded in principles of agency law; circuit courts typically impute...

In this study, we examine major cryptocurrencies, present notable fraud cases, describe fraud risks, and analyze cryptocurrency financial performance. People debate whether cryptocurrency is an investment opportunity, the new Dutch Tulip Bubble, or a giant Ponzi scheme. There have been a number...