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QSN 1. Damian O'Camigan, Finance Manager - Leighton Contracftors, 58, was arrested for perpetrating $20 million in accounts payable fraud, spanning 12 years. He was

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QSN 1. Damian O'Camigan, Finance Manager - Leighton Contracftors, 58, was arrested for perpetrating $20 million in accounts payable fraud, spanning 12 years. He was sentenced to 11 years in prison. Damian was a trusted, long term employee, who enjoyed a lavish lifestyle involving race horses, prostitutes, properties and overseas trips. Damian created a company (Acom Cottage, which was the name of the family retirement farmhouse in Tasmania), with himself as Director, and obtained an ABN. He then submitted 308 invoices to Leighton for consulting services, and then approved them for payment to Acorn's bank account. a. Identify the seven specific parts of a fraud, and explain how they are present in this case QSN 1. Damian O'Camigan, Finance Manager - Leighton Contracftors, 58, was arrested for perpetrating $20 million in accounts payable fraud, spanning 12 years. He was sentenced to 11 years in prison. Damian was a trusted, long term employee, who enjoyed a lavish lifestyle involving race horses, prostitutes, properties and overseas trips. Damian created a company (Acom Cottage, which was the name of the family retirement farmhouse in Tasmania), with himself as Director, and obtained an ABN. He then submitted 308 invoices to Leighton for consulting services, and then approved them for payment to Acorn's bank account. a. Identify the seven specific parts of a fraud, and explain how they are present in this case

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