Fraud Triangle

15238 WordsDec 13, 201261 Pages
  Chapter 2 Who Commits Fraud and Why I, Dennis Greer, am making this statement on my own, without threat or promises, as to my activities in regard to the activity of kiting between Bank A and Bank B. As of May 19XX, I was having extreme emotional and financial difficulties. For religious reasons, I was required without notice to move out of where I was living, and I had no place to go. Also, my grandmother—the only family member I was close to—was dying. I had to live out of my car for 3 1/2 weeks. At the end of this time, my grandmother died. She lived in Ohio. I went to the funeral and I returned with a $1,000 inheritance. I used this money to secure an apartment. The entire sum was used up for the first…show more content…
All I want now is to make amends with the banks. I do not have the money to pay back either bank right now. I realize this hurts them. I want to try to set this right, whether I go to prison or not. I am prepared to work however long it takes to pay the banks back in full with reasonable interest from a garnishment of my wages from now until the full amount is paid and settled. I committed this act because I was feeling desperate. I was emotionally a wreck and physically tired. I felt I didn’t have a choice but to do what I did or return to living in my car. I know now that what I did was wrong, and I am very sorry for it. I am attempting to seek psychological counseling to help me deal with and resolve why I did this. I feel I have a lot to offer society, once I am able to clean up my own life and get it straightened out. I pray the bank employees and officers will forgive me on a personal level for the hardship my actions have caused them, and I want to make full restitution. I have done wrong, and I must now face the consequences. This statement has been made in my own words, by myself, without threat or promise, and written by my own hand. Dennis Greer The names of the perpetrator and the banks have been changed in this case. However, this is a true confession written by a person who committed the fraud of kiting—using the “float time” between banks to give the impression that he had
Open Document