Business, 02.06.2020 20:57 ethanh7755

Occupational fraud comes in many shapes and sizes. The fraud at Rite Aid is one such case. In February 2015, Findling pleaded guilty to charges of conspiracy to commit wire fraud. Foster pleaded guilty to making false statements to authorities. On November 16, 2016, Foster was sentenced to five years in prison and Findling, four years. Findling and Foster were ordered to jointly pay $8,034,183 in restitution. Findling also forfeited and turned over an additional $11.6 million to the government at the time he entered his guilty plea. In sentencing Foster, U. S. Middle District Judge John E. Jones III expressed his astonishment that in one instance at Rite-Aid headquarters, Foster took a multimillion dollar cash pay-off from Findling, then stuffed the money into a bag and flew home on Rite Aid's corporate jet.

Would you inform the external auditors about the fraud? Explain.

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Occupational fraud comes in many shapes and sizes. The fraud at Rite Aid is one such case. In Februa...

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