Bribery and Corruption: Difficult Frauds to Find

When fraud happens within an organization’s accounting system, there is often a paper (or digital) trail left behind. It’s unavoidable, as there is a record of something related to the fraud, whether it is a legitimate invoice that was later adjusted, an account balance that was changed, or a fake employee who was added to the payroll system.

Frauds involving bribery and corruption are different. They happen almost completely outside the accounting system, so they often don’t leave a paper trail. Management instead must rely on tips or other vague clues to the existence of such a fraud scheme.

Bribery and corruption typically arise out of relationships between people, so in order to detect them, management must often be aware of the personal relationships between employees and outside parties. That is clearly a difficult task, and often nearly impossible.

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Michael McGee speaks from jail this morning

Patrick at Badger Blogger has audio of Michael McGee on the radio this morning. He said in part: It’s the government trying to be nosey in somebody’s personal business. This is a family altercation. They wasn’t even… you know.. us trying to kill somebody anyway. And they got brother ___ . Come on. As much … Read more Michael McGee speaks from jail this morning

More on alderman Michael McGee (Jackson)

I was wondering something… How long can Michael McGee (Jackson) continue to collect his paycheck as alderman? Now that he ‘s been charged at both the federal and state levels, things look pretty grim for him. How long will it take to cut off the cashflow? Badger Blogger did a great rundown of all the … Read more More on alderman Michael McGee (Jackson)

Victim of Michael McGee’s crimes is interviewed

Today’s federal charges against Milwaukee alderman Michael McGee (Jackson) are becoming clearer as the media talks to witnesses. WISN 12 News in Milwaukee interviewed Ajit Singh, who owns 2 gas stations in McGee’s district. He says he was forced to pay McGee/Jackson in order to help get his 24-hour operating licenses renewed. He had two … Read more Victim of Michael McGee’s crimes is interviewed

Federal Charges Against Michael McGee Jr.

U.S. Attorney Steven Biskupic just announced some of the charges against Milwaukee alderman Michael McGee (Michael Jackson). The criminal complaint alleges extortion and bribery related to McGee’s duties as alderman. The investigation began a year ago as business owners complained to the FBI about being asked to give McGee cash in exchange for favorable treatment … Read more Federal Charges Against Michael McGee Jr.

“The Alderman” Has Been Arrested (Again)

mcgeemugshot.jpgMilwaukee alderman Michael McGee (Jackson) has been arrested again. No one is saying what he was arrested for, but the Milwaukee County District Attorney’s office has said that their office and the U.S. Attorney’s Office will release information tomorrow. McGee/Jackson is a criminal and an embarassment to our community. I can’t wait to see what he’s accused of doing this time.

UPDATE: The Milwaukee Journal Sentinel reports the following:

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