How Internal Fraud Impacts Fraudsters, Businesses and Their Employees

When looking at the damaging effects of fraud on a business, three major companies come to mind: WorldCom, Enron, and Toys ‘R’ Us. In each of these cases, weak or nonexistent internal controls allowed fraud to occur on a massive scale, resulting in grave consequences: bankruptcy, criminal charges, job losses for thousands. WorldCom One of the largest fraud and bankruptcy scandals in history occurred at WorldCom, where more than $11 billion of fraudulent activity occurred from 1999 to…