Journal of
Marketing Development and Competitiveness






Scholar Gateway


Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106)



JOURNAL OF ACCOUNTING AND FINANCE

The Kosse State Bank Catastrophe: Anatomy of a Big Fraud in a Small Town


Author(s): Carol Sullivan, Kimberly Webb

Citation: Carol Sullivan, Kimberly Webb, (2011) "The Kosse State Bank Catastrophe: Anatomy of a Big Fraud in a Small Town" Vol. 11, Iss. 3, pp. 62 - 64

Article Type: Research paper

Publisher: North American Business Press

Abstract:

The location of the fraud was Kosse, Texas – a small town (population 505) nestled in Central Texas. The town’s theme is “A Small Town with a Big Heart” and people enjoyed the small-town “we trust everyone” environment. At the center of the business district (one block) was Kosse State Bank. The Kosse State Bank had four full-time employees: an Executive Vice President and three clerical employees. All of the longtime employees were considered trustworthy. The pivotal problem in the fraud related to technological knowledge in that only one employee knew how to use the bank’s accounting software.