In the early 1950s, an American psychologist, Donald Cressey, undertook a series of interviews with convicted embezzlers to identify the common features of fraudulent behaviour and the conditions that predisposed them towards criminal abuse of trust. His research found a small number of factors that were present in most if not all of the crimes his interviewees had committed. All of them had faced a financial problem which had threatened them with personal disaster, either financially or reputationally. All of them had believed that the problem could not be shared with others, leading them to become isolated from dispassionate advice. All of them had been presented with a way out of their problem that was unorthodox ...
Get Share Trading, Fraud and the Crash of 1929 now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
