This comprehensive collection of 100+ videos on fraud is located at The Pros and The Cons! website. Included is the CNBC series on American Greed, the Bernie Madoff ponzi scheme, the Phar-Mor inventory fraud, the Crazy Eddie scam, and the ZZZZ Best Carpet Cleaning fraud, etc., etc. Some of the videos are short clips while others are approximately 45 minutes in length. The mirror site (home page), provides links to expert speakers, articles, presentations, manuals, and fee based professional classes.
Type of Material:
Collection of videos
In class, homework, team projects.
Identify Major Learning Goals:
To provide accounting educators/students with an entertaining way to review fraud schemes that can be incorporated into the entire accounting curriculum to stimulate discussion and to develop cognitive, research, and computer skills.
Target Student Population:
Accounting educators and business students at the undergraduate and graduate levels. Particularly good for forensic accounting and accounting systems courses.
Prerequisite Knowledge or Skills:
Interest in fraud and Accounting Principles Level I.
One sentence descriptions of the videos appear underneath the actual video. In addition the length of time required to view the each video is given. The videos are self-contained and informed by scholarship. Information is extremely relevant and summarizes concepts well. The authors provide the audience with an entertaining method of dramatizing fraud schemes and forensic accounting scenarios.
Some video descriptions are not entirely accurate and should be verified and/or corrected. For example, the Crazy Eddie video says "When they meet for the first time." It should say "for the first time since being caught." Another inaccurate example is the description for the Baptist Foundation video. The description claims it was the largest nonprofit in US history, which is not likely to be true. The video states the fraud resulted in the largest bankruptcy of a nonprofit as of 1999. The Court Clerk Sentenced video does talk about the court clerk, but the sentence under the description does not match the contents of the video.
Potential Effectiveness as a Teaching Tool
The variety of videos include well known frauds, individual frauds, and nonprofits. Watching select videos is a very efficient way to learn about various types of threats companies could face. Developing assignments to correspond with a particular video or set of videos should be a relatively easy task.
Instructors will need to pre-screen each video to develop meaningful learning objectives to justify showing them in class.
Ease of Use for Both Students and Faculty
The author’s website is professionally done and easy to use. Having such a vast repository of fraud videos available in one location is a valuable resource.
Given some of the videos are commercial endeavors, advertisements are present.
At least one video was blocked on copyright grounds, so perhaps some issues may arise for select videos.
Finally the bandwidth of the site may cause videos to stall while downloading the next content sequence. When the code was placed in a separate window and launched from Youtube directly, the videos tended to run longer before stalling.
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