Fraud Identification Training Sept-Oct 2022

CASE STUDY 6

The EIC instructed the OM to get a complete transcript of the account from the Cashier, while he performed a wrap up with the President. The OM was unable to get the transcript because the Cashier had already left for the day. During the meeting with the President, the EIC asked about the activity flowing through the capital account. As suspected, the President explained that the amounts stemmed from entries miscoded by the new proof operator followed by correcting entries. The President stated he would have the Cashier call the Field Office next week if further explanation was needed. The EIC informed the President that he wanted the Cashier to call the OM. On Wednesday of the following week the OM still hadn’t heard from the bank so the EIC called the Cashier about the transactions. The Cashier reported he never received the message about calling the Field Office. When the EIC asked him to provide information about the activity of the capital account to the Field Office, the Cashier was reluctant. He suggested that the EIC come early for the Board meeting to meet with him.

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