Exotic embezzling investigating offbook fraud schemes

Defines onbook and offbook fraud the former occurs when theft takes place after the recording of money on the victim companys books, the latter when it occurs after recording, and types of such fraud can involve billing, payroll, expenses, cheque tampering, and register disbursement. Describes methods of investigating offbook fraud financial statement analysis, undercover surveillance, invigilation, and admissionseeking interviews. Gives a case study concerning the Northern Exposure club, where so much skimming occurred that only 10 profits were being made after tax instead of the 30 expected details how the fraud investigators proceeded by generating fraud theories based on the controls, or lack of, for monitoring cash flows, then collecting and evaluating evidence, estimating the losses incurred, and so on.