Why Do Frauds Occur

To most individuals, Cash means many things in life. They toil from dawn to dusk for earning and accumulating wealth. Within the process, they fail to care for the vital health by ignoring the meals and respite, however pursue all austerities to save lots of the money. Ultimately, they leave an estate without enjoying the life. The heirs bury or burn the corpse, but not the corpus or wealth left by the dead.

The aspirations of the individuals are varied and infinite. Each particular person wishes for the possession of loads of cash and energy to satiate his/her dreams and desires. It is a natural characteristic of the human beings, but conspicuous by its absence within the animals or birds. A tiger won’t seek a prey when its tummy is full. A crow is not going to seek for food unless it feels hungry. Only the person remains relaxationless as a consequence of his ever-growing hunger for money and power. As hard work takes time, he embarks on the illegitimate and brief lower methods to achieve the goal quickly. Fraud occurs to be the best mode for all times. Here, the eight major reasons and backgrounds that give rise to the frauds are discussed.

Selfishness stays the chief source of all frauds. When an individual indulges in protecting the pursuits of the kith and kin, he resorts to the fraudulent practices. The head of a varsity reportedly acquired the put up by paying an enormous sum to a corrupt political leader. Imagine the destiny of the training in that institution.

Non-adherence to the norms leads to the incidence of frauds. Failure to comply with the systems and procedures ended within the loss of lives and properties because the grasping officer issued a license for running a school in an unfit building. Substandard weapons had been sourced to get personal favors.

Risk prone technology gives scope to commit frauds. The gullible people are cheated by the sophisticated digital strategies like phishing, vishing, smishing and skimming. Softwares are used to collect the vital personal information from the vulnerable netizens when the latter log into the Internet.

Negligence causes even an innocent mind to oscillate. Careless dealing with of paperwork and disclosure of Credit card and bank details by the account holders end result in the siphoning of funds by the fraudsters.

Insider performs the trick. The share prices are boosted artificially when a person of the business manipulates the demand or provide for the stock. The younger brother of a household fabricated a will to deprive his two siblings of the shares in his mom’s estate.

Unreasonable targets breed frauds. The field employees engages the intermediaries and brokers to secure more enterprise by diluting the norms and the purpose. Household planning numbers were achieved by listing the aged and dead.

Imitation effects. Individuals forgetting their capabilities and revenue stage copy the lifestyle of others living in the neighborhood. It is seen as a prestige concern affecting one’s status in the society. To manage with the elevated financial wants, an individual resort to heavy borrowing or frauds like misappropriation of office funds and seeking bribes for office work.

Politics pollute the society. To stay in power and fill the coffers of the party, most of the politicians use the corruption and fraud as the key strategy. Money and muscle power dominate not only throughout the election instances, but additionally when forming the governments. Booth-capturing and casting the fake votes are the usual fraudulent techniques adopted for getting the desired poll results.

Behind all frauds, two facets are widespread: the opportunity and want for getting more of money and power. Daily, frauds do take place at all levels of family, society, enterprise, and government. However, these frauds get uncovered certainly and belatedly. Only a few people don’t succumb to the evils of money and energy as they know the real happiness lies in sharing the love and affection.

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