We hear about fraud in the newspapers and typically think of political and consumer fraud. However, fraud can happen in any firm. Perhaps it is best to start with a definition of fraud. Fraud includes any intentional or deliberate act to deprive another of money or property by means of deception.
Fraud occurs when motivation meets with opportunity.
Motivation might be economic need or a desire for revenge. Opportunity is the chance to make it happen. These two elements are the equation for fraud. The more the motivation, the less opportunity is required. An individual, highly motivated to commit fraud, will proceed with even the slightest opportunity.