ANATOMY OF A FRAUD INVESTIGATION - Travel to the Heartland Africa

This case, taken from true events, is quite exceptional in building up new thoughts on fraud detection mechanisms. The book is a completely inspiring one illustrating a unique situation that eludes the conventional detection methods. The actions of the fraudster were not upheld in any review by an oversight body, nor as far as anyone with official operations in the organization knew. The proper protocol states that Organization's funds need to be secured at all times to ensure that they are available when required. This particular case starkly highlights the consequences of deviating from such protocols.
The life lesson here tells all of us to think outside the box and innovate our approaches to detect fraud soon after they occur. This narrative serves as a poignant reminder that fraud artists are one step ahead of the very people charged with defining the rules, guidelines and standards of oversight, thereby destroying the actual effectiveness of the traditional methods of detection. This case is entertaining, but it provokes thought about the transformation in the field of fraud detection and the demand for adaptive strategies to prevent misconduct in finance and, indeed, fraud in general.