Complete Schedule

Title

Slippery Slope of Greed: Le-Nature’s Inc. Case Study - Part 1 Fraud Detection

Presentation Type

Breakout Session

Abstract

Learning Objective: IDENTIFY common fraud risk factors present in an actual financial reporting fraud.

This session is aimed at business professionals and small business entrepreneurs. From the early 1989 to 2006, Le-Nature’s Inc. grew from a small startup company to the 33rd largest beverage producer in the United States, with annual reported sales approaching $290 million and a workforce of several hundred employees. In 2006, federal law enforcement authorities placed a final price tag of nearly $700 million on the founder’s long running scam. We will use this case study to identify common fraud risk factors, warning signs, and stakeholder investigations.

Start Date

22-9-2017 12:00 PM

End Date

22-9-2017 12:50 PM

Event Host

Center for Academic Ethics, University of Northern Iowa

Comments

Location: Oak Room, Lower level Maucker Union, University of Northern Iowa

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Sep 22nd, 12:00 PM Sep 22nd, 12:50 PM

Slippery Slope of Greed: Le-Nature’s Inc. Case Study - Part 1 Fraud Detection

Learning Objective: IDENTIFY common fraud risk factors present in an actual financial reporting fraud.

This session is aimed at business professionals and small business entrepreneurs. From the early 1989 to 2006, Le-Nature’s Inc. grew from a small startup company to the 33rd largest beverage producer in the United States, with annual reported sales approaching $290 million and a workforce of several hundred employees. In 2006, federal law enforcement authorities placed a final price tag of nearly $700 million on the founder’s long running scam. We will use this case study to identify common fraud risk factors, warning signs, and stakeholder investigations.