Plutonium: Credit Card and Chris Essay

1448 Words Jun 18th, 2012 6 Pages
Running Head: PLUTONIUM COMPANY

Week 3 Case Study: Plutonium Company Fraud
Kyle Harrison
Keller Graduate School of Management
AC 572: Accounting Fraud Examination Concepts
Instructor Sherwin Cord
January 25, 2009

Week 3 Case Study: Plutonium Company Fraud Plutonium, an Internet start-up company founded in 1988, was in the midst of a massive project to improve integration and internal data quality of its disparate information systems. At the heart of this project was an endeavor to implement a complex billing system called Gateway. Gateway, working with Visa, would automate billing for Plutonium’s large customer base; however, once implemented, Gateway had thousands of corrupt accounts that needed to be resolved in order to improve
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Along with perceived pressures and opportunities, rationalization completes the fraud triangle. Chris rationalized his actions in four distinct ways. First, Chris probably felt that he deserved more, so in his mind, Plutonium owed it to him. He was performing complex technical work that far exceeded the work done by his peers and even his superior, Jonathan. Second, Chris rationalized that no one would get hurt. After all, his actions were not really affecting anyone, and in the grand scheme of things, he was not taking that much money. Third, Chris probably felt that what he was doing was for a good purpose: he was doing it so he could further his education which would then make him even more valuable to Plutonium. Lastly, he rationalized that he had to either sacrifice his integrity or his reputation. Chris would feel embarrassed if he could not support his family or complete his education. With all three fraud triangle elements present, Chris was, in all likelihood, probably committing fraud. Consequently, there were several symptoms that should have alerted others that fraud was taking place. First, the case stated that Jonathan had noticed a recent change in Chris’s behavior. According to Albrecht, Albrecht, & Albrecht (2006), “no particular behavior signals fraud; rather, changes in

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