City Harvest Case part 3 – The Opportunity Makes the Thief

Social scientists, psychologists and criminologists generally agree that human behavior is the product of a complex interaction among a wide range of factors. Some of those factors are personal to the individual and others are related to the environment in which the individual evolves. The Fraud Triangle Risk Assessment model that I have been using for this analysis of the CHC case categorize these factors into 3 groups: Pressure, Opportunity and Rationalization.  Continue reading

City Harvest Case part 2: If There is a Fraud What Would be the Motives?

As already mentioned in my previous post City Harvest Case Part 1: Following God or Mammon?, the COC and the prosecution claim that at least SGD 24 millions were illegally diverted from the church building fund and channelled to finance Sun Ho’s attempt to breakthrough on the Hollywood music scene. In order to find out whether there could be any real substance (or not) in the allegations made against the CHC leaders, I will explore this case using a well-tested and recognized Fraud Risk Management Analytical Framework: The Fraud Triangle.  Continue reading

Perception vs Reality: Using stress testing for a PR job

A Stress testing is a form of test that aims to evaluate how a system (financial system) or an entity (a Bank in this case) can cope when subjected to amounts of stress that goes well beyond the ‘normal’ expected operational environment. The goal is to observe the results to determine the resistance range and  breaking point. Continue reading

Better Dead than Alive ? – Assessing Political Risk

Since the announcement late at night by President Obama of the death of Osama Bin Laden during a special broadcast to more than 56 millions viewers, Americans have been celebrating the death of one of their worst enemies and the success of a very daring mission. Continue reading