Corporate Fraud
Essay Preview: Corporate Fraud
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When I do an internet search for “corporate fraud”, it is amazing the amount of cases that are out there. I could have picked numerous different companies to research. It is unbelievable the amount of lead way that some employees, or even people acting on behalf of companies, have. The fact that we as Americans do not have a better system to protect from corrupt business people in power really keeps me confused. Along with much other middle class Americans.
The case that I decided to read about was the case involving Fair Finance. This was the largest fraud case in Indiana State history. There were three people charged with the crime. Timothy S. Durham was a local business man that was directing two employees for Fair Finance to keep giving his companies loans. These loans were slowly bleeding the company of all its capital therefore defrauding the share holders out of millions of dollars.
It sounds like a clean cut case and easy to indict the men. However the state of Indiana holds the bourdon of proof. This means that everyone knows what the men were doing is wrong but the state needs to prove this to a jury of twelve now. This is not always easy when it comes to fraud. There are a lot of numbers and finger pointing in the investigation. What makes it even harder is when the accused says that what they did was agreed upon by others. This brings more figure pointing and the case gets drawn out even longer.
Once the investigation stated on Durham it was clear to see that he was using the banks money to fund a business empire of his own that had collapsed.