A prominent insolvency practitioner and former chairman of a large law firm with a $40-$year legal career was removed from the role of an attorney in early January $2019.$ The attorney was charged with embezzling millions of South African rand and failed to account any of it to his co$-$investors. The police alleged that he transferred several millions of a Swiss company$$s investment from his law firm$$s account to an interest$-$bearing investment account. As part of the embezzlement scheme, the money in the interest$-$bearing investment account was indicated as money belonging to the law firm, which he then paid out to himself. When the Swiss company inquired after the status of their investment, the attorney refunded the capital amount to the appropriate account in the law firm but kept the accumulated interest for himself.

Required

How does the attorney fit the profile of a fraudster? How does he not fit the profile?

What fraud scheme did he use?

What controls could have prevented his fraud?

What controls could have detected his fraud?