Why do people commit fraud? And how do they often get away with it?
Professor Clinton Free, of the Australian Graduate School of Management’s (AGSM) world-class MBA program has conducted research that has seen him interview inmates of US prisons convicted of insider trading, credit card fraud, money laundering and other financial crimes. His research has uncovered that lone-wolfs like the high-profile American Bernie Madoff may not be the ones we most have to watch out for. Instead, Professor Free argues that the extent of co-offending or collusion is higher than thought, with the vast majority of recent major frauds involving extensive collaboration between individuals.
Fraud has a greater economic impact on society than any other type of crime. It is very difficult to detect and can begin with someone spotting a single weakness within an organisation.
Watch this class with Professor Free for an engaging look at collusion in white collar crime and learn from one of AGSM’s internationally renowned full-time MBA academics.
Clinton Free is a Professor at the University of New South Wales. He holds Commerce and Law degrees from the University of New South Wales and a doctorate from Oxford University where he was a Rhodes Scholar.
Dr Free teaches and researches in the areas of management accounting, fraud and corporate governance. He is currently investigating a range of issues including collusion within organizations, whistle-blowing, as well as developments in risk management. His research is currently supported by an Australian Research Council Future Fellowship, major grant from the Social Sciences and Humanities Research Council as well as a number of smaller external and internal competitive research grants.