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
Tag Archives: Risk Assessment
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
City Harvest Case part 1: Following God or Mammon?
The start of the City Harvest Church (CHC in short) trial on the 15th of May after 2 years of investigations which saw the church senior pastor and founder, Kong Hee and 5 other leaders of the church being prosecuted for allegedly misusing church’s funds, has brought back under the spotlight the issue of the sensitive relationship between Religion and Money. 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
The Risk Management Paradox 