Inside the mind of a white-collar criminal | Kelly Richmond Pope

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“Fraud is a trillion dollar problem, about $5 trillion today with that number increasingly rising annually.” Subscribe to Big Think on YouTube ► https://www.youtube.com/channel/UCvQECJukTDE2i6aCoMnS-Vg?sub_confirmation=1 Up next, The 4 financial statements every smart person should understand | Full Interview ► https://www.youtube.com/watch?v=O7KyehyBxH0 We often think of fraud as the work of greedy masterminds, but the reality can be far more complex. Forensic accounting expert Kelly Richmond Pope, explains how ordinary people can be perpetrators, under the right conditions. Drawing from years of interviews with white-collar criminals, whistleblowers, and victims, Pope introduces a framework that challenges our common assumptions about who can commit this crime. 00:00 How fraud happens 01:05 Understanding why good people do bad things 01:55 The Fraud Triangle 03:04 Is fraud a victimless crime? 06:29 The different perpetrators of fraud 09:36 Infamous fraud perpetrators 13:41 Why are we addicted to stories of fraud? 14:35 Righteous perpetrators 22:53 Accidental perpetrators Read the video transcript ► https://bigthink.com/series/the-big-think-interview/fraud-triangle/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description ---------------------------------------------------------------------------------- Go Deeper with Big Think: ►Become a Big Think Member Get exclusive content, early, ad-free access to new releases, and more. https://www.youtube.com/@bigthink/membership/ ►Subscribe to Big Think on Substack Explore content that enlightens, inspires, and transforms. https://bigthinkmedia.substack.com/subscribe/ ►Get Big Think+ for Business Engage learners like never before with high-impact video microlearning from the biggest thinkers in the world. https://bigthink.com/plus/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description ---------------------------------------------------------------------------------- About Kelly Richmond Pope: Dr. Kelly Richmond Pope is the Dr. Barry Jay Epstein Endowed Professor of Accounting at DePaul University in Chicago, IL. Pope is a nationally recognized expert in risk, forensic accounting, and white-collar crime research, and an award-winning educator, researcher, author, and award-winning documentary filmmaker. She’s the author of Fool Me Once: Scams, Stories, and Secrets from the Trillion Dollar Fraud Industry (Harvard Business Review Press, March 2023). Pope teaches managerial and forensic accounting both at the undergraduate and graduate level.