Identify a case of corporate financial fraud by finding a current  event or by researching historical cases.

• Briefly summarize the case, including what happened, who was involved, and what damages were incurred.
• Note how the fraud was detected and discuss any red flags that appeared prior to detection.
• Could an accounting and finance system have helped deter this fraud? If yes, how? If no, why not?
• Are there any specific business policies and procedures that could  have been in place that would have prevented the fraud from occurring?  Explain.