The basis of the movie Office Space is a prime example of skimming fraud. In the movie, three co-workers, Peter, Samir and Michael, frustrated by their numerous bosses and their workplace, plan their revenge by uploading a computer virus that is supposed to skim pennies at a time on every deposit the company makes. Michael, the software engineer who developed the program, tells Peter and Samir that the “theft will be so gradual that it will take years before it’s even noticed” (Riedel, Rappaport, Rotenburg, & Judge, 2005). Much to their surprise the next day, the workers end up with much more than they planned, stealing $305,326.13. Michael explains he may have ignored one little detail causing the software glitch and the large amount deposited.
Bothered by stealing the money, Peter leaves a confession letter and an envelope containing the money underneath his boss’s door. Luckily, the letter …show more content…
The median loss for these cases were $130,000 and 11.8% of these cases involved skimming for a median loss of $40,000 (ACFE, 2014). The majority of the skimming cases were committed by employees in accounting (18.3%); followed by sales (15.7%), customer service (15.7%), operations (13.3%), executive/upper management (10.9%), finance (5.8%), and purchasing (2.1%) (ACFE, 2014).
Cash is the most likely of company assets to be misappropriated. Furthermore, employees account for most cases of occupational fraud but those involving managers or executives are three-and-an-half times more costly (Wells, 2002). Males account for losses three times greater than females although frequency of incidents are about the same (Wells, 2002). This trend can be attributed to the “glass ceiling” phenomenon, in which males tend to occupy higher positions in a company compared to females (Wells,
Bothered by stealing the money, Peter leaves a confession letter and an envelope containing the money underneath his boss’s door. Luckily, the letter …show more content…
The median loss for these cases were $130,000 and 11.8% of these cases involved skimming for a median loss of $40,000 (ACFE, 2014). The majority of the skimming cases were committed by employees in accounting (18.3%); followed by sales (15.7%), customer service (15.7%), operations (13.3%), executive/upper management (10.9%), finance (5.8%), and purchasing (2.1%) (ACFE, 2014).
Cash is the most likely of company assets to be misappropriated. Furthermore, employees account for most cases of occupational fraud but those involving managers or executives are three-and-an-half times more costly (Wells, 2002). Males account for losses three times greater than females although frequency of incidents are about the same (Wells, 2002). This trend can be attributed to the “glass ceiling” phenomenon, in which males tend to occupy higher positions in a company compared to females (Wells,