Have a personal or library account? Click to login
Prevalence of Mass Financial Fraud in Rural Areas: An Exploratory Study in Tangail, Bangladesh Cover

Prevalence of Mass Financial Fraud in Rural Areas: An Exploratory Study in Tangail, Bangladesh

Open Access
|Dec 2024

References

  1. Abei, Y. (2021). Impact of Internal Control on Fraud Detection and Prevention in Microfinance Institutions [Master’s thesis]. Karlstad University. Retrieved from https://www.diva-portal.org/smash/get/diva2:1578691/FULLTEXT01.pdf
  2. Anderson, K. B. (2019). Mass-market consumer fraud in the United States: A 2017 update. Federal Trade Commission. Washington, DC. Retrieved from https://www.ftc.gov/system/files/documents/reports/mass-market-consumer-fraud-united-states-2017-update/p105502massmarketconsumerfraud2017report.pdf
  3. Bishop, Y. (2022). Fraud Risk Management to Detect and Prevent Employee Fraud in Small Rural Businesses [Dissertation]. School of Business, Liberty University. Retrieved from https://digitalcommons.liberty.edu/doctoral/3663/
  4. Bosley, S. A., & Knorr, M. (2017). Pyramids, Ponzis and fraud prevention: lessons from a case study. Journal of Financial Crime, 25(1), 81–94. https://doi.org/10.1108/jfc-10-2016-0062
  5. Brenner, L., Meyll, T., Stolper, O., & Walter, A. (2020). Consumer fraud victimization and financial well-being. Journal of Economic Psychology, 76, 102243. https://doi.org/10.1016/j.joep.2019.102243
  6. Bunn, E., Ethridge, J. R., & Crow, K. (2019). Fraud in Small Businesses: A Preliminary Study. Journal of Accounting and Finance, 19(3). https://doi.org/10.33423/jaf.v19i3.2030
  7. Chakrabarty, N. (2022, May 16). Millions of people are destitute in the fraud trap of the association. Daily Janakantha. Retrieved March 27, 2023, from https://www.dailyjanakantha.com/national/news/649047
  8. Chariri, A., & Meiranto, W. (2017). The Vulnerability of Rural Banks to Investment Frauds: A Lesson from Victims’ Stories. The 1st Indonesia International Microfinance Forum 2017, Military Academy, Magelang, Central Java, Indonesia. Retrieved from http://eprints.undip.ac.id/66626/
  9. Cialdini, R. B. (2001). The Science of Persuasion. Scientific American, 284(2), 76–81. http://www.jstor.org/stable/26059056
  10. Daily Prothom Alo. (2017, August 9). Mass fraud in the name of cooperative societies. Prothomalo. Retrieved March 27, 2023, from https://www.prothomalo.com/opinion/editorial
  11. Daily Jugantor. (2020, December 30). Fraud in the name of cooperative society. Jugantor. Retrieved March 27, 2023, from https://jugantor.com/todays-paper/editorial/378884
  12. Ekushey Sangbad. (2021, February 19). Misappropriation of crores of rupees in the name of cooperative society: Fraudster arrested. Ekusheysangbad.Com. Retrieved March 27, 2023, from https://www.ekusheysangbad.com/crime/news/314060
  13. Fan, J. X., & Yu, Z. (2021). Prevalence and Risk Factors of Consumer Financial Fraud in China. Journal of Family and Economic Issues, 43(2), 384–396. https://doi.org/10.1007/s10834-021-09793-1
  14. Frankel, J. A. (2012). Chapter 2. The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions. In Commodity Price Volatility and Inclusive Growth in Low-Income Countries. USA: International Monetary Fund. Retrieved Jun 5, 2024, from https://doi.org/10.5089/9781616353797.071.ch002
  15. Hamid, A., & Nasih, M. (2021). Fraud prevention of village funds in East Java Indonesia. Management Science Letters, 2033–2044. Retrieved from https://doi.org/10.5267/j.msl.2021.3.006
  16. Hess, M. F., & Cottrell, J. H. (2016). Fraud risk management: A small business perspective. Business Horizons, 59(1), 13–18. https://doi.org/10.1016/j.bushor.2015.09.005
  17. Hidajat, T. (2020). Rural banks fraud: a story from Indonesia. Journal of Financial Crime, 27(3), 933-943. Retrieved from https://www.emerald.com/insight/content/doi/10.1108/JFC-01-2020-0010/full/html
  18. Holtfreter, K., Reisig, M. D., Piquero, N. L., & Piquero, A. R. (2010). Low Self-Control and fraud. Criminal Justice and Behavior, 37(2), 188–203. https://doi.org/10.1177/0093854809354977
  19. Lewis, B. D. (2015). Decentralizing to villages in Indonesia: money (and other) mistakes. Public Administration and Development, 35(5), 347–359. https://doi.org/10.1002/pad.1741
  20. Lynch, L. M. & Black, S. E., (1996). Human-Capital Investments and Productivity. The American Economic Review, 86(2), 263–267. http://www.jstor.org/stable/2118134
  21. Mandal, A. (2023, February 8). Fraud is going on by defaming the name of the cooperative society. Odhikar. Retrieved March 27, 2023, from https://www.odhikar.news/country-news/238956
  22. Munidewi, I. a. B., Suryandari, N. N. A., & Suryawan, I. M. (2019). Analysis of Factors Influences Fraudulent Tendencies in Denpasar Rural Credit Institutions. International Journal of Applied Business and International Management. Retrieved from https://doi.org/10.32535/ijabim.v4i3.682
  23. Rasheduzzaman. (2021, January 19). Local cooperative society disappeared with Tk 9 crore of customer. RTV Online. Retrieved March 27, 2023, from https://www.rtvonline.com/country/116669/
  24. Ratley, J.D. (2014), Report to the Nations: On Occupational Fraud and Abuse, Austin, TX: Association of Certified Fraud Examiners.
  25. Raval, D. (2020). Whose Voice Do We Hear in the Marketplace? Evidence from Consumer Complaining Behavior. Marketing Science, 39(1), 168–187. https://doi.org/10.1287/mksc.2018.1140
  26. Sama, M. C., & Niba, A. N. (2016). Internal Controls, and the Incidence of Fraud in Microfinance Institutions in the Southwest Region of Cameroon. Research Journal of Finance and Accounting, 7(2), 18–26. Retrieved from https://www.iiste.org/Journals/index.php/RJFA/article/download/28526/29273
  27. Shelton, A.M. (2014). Analysis of capabilities attributed to the Fraud Diamond. Retrieved from https://dc.etsu.edu/cgi/viewcontent.cgi?article=1211&context=honors
  28. Shiller, R. J. (2003). From Efficient Markets Theory to Behavioral Finance. Journal of Economic Perspectives, 17(1), 83–104. https://doi.org/10.1257/089533003321164967
  29. Smith, R. G., & Jorna, P. (2011). Fraud in the “outback”: Capable guardianship in preventing financial crime in regional and remote communities. Trends and Issues in Crime and Criminal Justice, 413, 1–6. Retrieved from http://www.aic.gov.au/media_library/publications/tandi_pdf/tandi413.pdf
  30. Wolfe, D. T., & Hermanson, D. R. (2004). The fraud diamond: Considering the four elements of fraud. Retrieved from https://digitalcommons.kennesaw.edu/cgi/viewcontent.cgi?article=2546&context=facpubs
DOI: https://doi.org/10.2478/eras-2024-0007 | Journal eISSN: 2286-2552 | Journal ISSN: 2286-2102
Language: English
Page range: 1 - 17
Published on: Dec 12, 2024
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2024 Md Masud Nabi, Mostak Bari Fahim, Mahmuda Akter, published by West University of Timisoara
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.