Motives of Fraudsters – The Business Perspective
Many of the professionals that I have worked with in business or who have attended my courses are not aware of the specific conclusions coming out of the fraud research. However, both of these groups are generally very clear about what they consider to be the main cause of the problem. They feel strongly that pure, naked greed is the number one motive of internal fraud.
Bernard is a classic example of someone who holds this view. He is a very experienced businessman, an accountant by training but for many years now, following a management buyout, he has been the major shareholder and the Managing Director of a successful medium-sized manufacturing business in London. This was Bernard's reply when I asked him what he thought were the main causes of fraud: