Frankensteins of Fraud

In: Business and Management

Submitted By sdamico0828
Words 1091
Pages 5
Sierra Damico
Book Report
Forensic Accounting

Joseph T. Wells did an outstanding job in writing his book, “Frankensteins of Fraud.” Throughout this book, there are ten white-collar criminals that perform fraud in such ways that they earn themselves and their companies many millions, sometimes billions of dollars. Innocent investors lost their life savings, their homes, their families….
A common trait amongst the perpetrators in this book was that every single one of them never saw themselves as a monster. The term “Frankenstein” to bestow upon these people was the perfect description. Mary Shelly’s Frankenstein claimed that he became a monster because of the evil that surrounded him. He was portrayed as this monster and people were unable to see past his disgusting characters and only saw him as this horrific thing and therefore that’s what he became because he knew no different. The characters in this book began a scheme sometimes not realizing how big it would become. Some of the schemes that took place in this book had a snowball effect and if they were not continued and built upon then the perpetrator would be caught.
Many coworkers and employees had no idea that the company or person they were working for was a snake and had often asked them to perform duties to cover up small details of the fraud they were committing. Some cases like this included providing fake documentation to be entered, showing proof of collateral that in fact did not exist, forging signatures on original documents and many more. For the most part, this book was a fairly easy read but sometimes I found myself having to re-read certain parts of these small stories because y were a bit hard to follow. A few of these criminals had so much going on at the same time, you just had to sit back and wonder how they were able to get away with what they were doing for so long.
For example,…...

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