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QUESTION

There is no doubt that employee fraud and money laundering cause significant loss to an organization and can lead to fraudulent financial reporting.

There is no doubt that employee fraud and money laundering cause significant loss to an organization and can lead to fraudulent financial reporting. Employee fraud, known as misappropriation of assets, has yielded many fraud schemes. Can anyone name some of these employee fraud schemes? Please give a brief description and perhaps a famous example as well!

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