Fraud Triangle
The Fraud Triangle Theory created by Donald Cressey explains the three elements needed for fraud to be committed. These elements include opportunity, pressure or perceived pressure and rationalization. In the very publicized FIFA court case that included charges such as fraud, racketeering and bribery these elements were clearly present. According to The U.S Department of Justice (2015) , there was a total of nine FIFA Officials and five Corporate Marketing Executives who were indicted in forty-seven charges of racketeering, wire fraud and money laundering conspiracies. These individuals used their position as a way to enrich themselves. To better understand why a person commits fraud we must further understand the motive in correlation to the fraud triangle.
Pressure
Pressure or incentive motivates an individual to behave illegally. (Dellaportas, 2013) According the Department of Justice (2015), these officials participated in taking bribes that total estimated 150 million dollars of the span of two decades. The company FIFA also referred to Fédération Internationale de Football Association (FIFA), was doing significantly well as a …show more content…
Among other duties, the executive committee was responsible for selecting the host nations of FIFA tournaments, including, among others, the World Cup, the Women's World Cup, the Confederations Cup, the Under- 20 World Cup, the Under-20 Women's World Cup, the Under- 17 World Cup, the Under-17 Women's World Cup and the Club World Cup . Their position enabled these individuals to be able to solicit Marketing companies competing for marketing rights . These individuals knew that these companies were willing to pay whatever they wanted in order to boost revenue for their companies to get more
The Fraud Triangle Theory created by Donald Cressey explains the three elements needed for fraud to be committed. These elements include opportunity, pressure or perceived pressure and rationalization. In the very publicized FIFA court case that included charges such as fraud, racketeering and bribery these elements were clearly present. According to The U.S Department of Justice (2015) , there was a total of nine FIFA Officials and five Corporate Marketing Executives who were indicted in forty-seven charges of racketeering, wire fraud and money laundering conspiracies. These individuals used their position as a way to enrich themselves. To better understand why a person commits fraud we must further understand the motive in correlation to the fraud triangle.
Pressure
Pressure or incentive motivates an individual to behave illegally. (Dellaportas, 2013) According the Department of Justice (2015), these officials participated in taking bribes that total estimated 150 million dollars of the span of two decades. The company FIFA also referred to Fédération Internationale de Football Association (FIFA), was doing significantly well as a …show more content…
Among other duties, the executive committee was responsible for selecting the host nations of FIFA tournaments, including, among others, the World Cup, the Women's World Cup, the Confederations Cup, the Under- 20 World Cup, the Under-20 Women's World Cup, the Under- 17 World Cup, the Under-17 Women's World Cup and the Club World Cup . Their position enabled these individuals to be able to solicit Marketing companies competing for marketing rights . These individuals knew that these companies were willing to pay whatever they wanted in order to boost revenue for their companies to get more