Tuesday, January 21, 2014

Fraudster Psychology 15

So - as we examine the third triangle of the Fraud Triangle, what has reading these articles on rationalization done for us?  Any insights?
 
    Of course we have insights.  Even scanning these articles shows that fraudsters have at least these three characteristics:

1.   A narcissistic personality.  Everything revolves around the fraudster - he is always the center of attention.  He has a need to view himself before anyone else.

2.  Sociopathic tendencies.  Fraudsters do not see other people as "real" people - they are marks to be used for the advancement of the fraudster's goals.  It is difficult for a fraudster to realize just how much impact (negative impact) he has on the lives of others.

3.  Looking for opportunity.  Linked in with the other two personality traits, a fraudster is always looking for the next opportunity.  Even passive fraudsters discussed in this thread have to keep their frauds moving ahead. 



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