Material Detail

This exercise discusses how CFO Daniel Marsh embezzled $316,000 from New Mexico-based Weststar Mortgage. Marsh stole the money over two years and used it to fund housing improvements, property purchases, his gambling addiction, and prostitutes. However, this was not the first time Marsh was caught committing fraud. When he worked at Kachina Petroleum Company, the firm discovered after he resigned in 2006 that checks were missing. It realized Marsh had been stealing from the firm. The company filed a civil suit against Marsh and recovered $100,000. However, he was not prosecuted and was therefore able to commit the fraud at another unsuspecting company.

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