http://media.wiley.com/product_data/excerpt/05/EHEP0015/EHEP001505-1.pdf
M.I.C.E
In addition to the fraud triangle, typical motivations of fraud perpetrators may be identified with the
acronym M.I.C.E.:
Money
Ideology
Coercion
Ego
Money and ego are the two most commonly observed motivations. Enron, WorldCom, Adelphia,
Pharmor, and ZZZ Best provide good examples of cases in which the convicted perpetrators seemed to be
motivated by greed (money) and power (ego).
Fraud Acts
Asset Misappropriation
Cash
Larceny (theft)
Skimming (removal of cash before it hits books): Sales, A/R, Refunds, and Other
Fraudulent Disbursement
Billing Schemes – including shell companies, fictitious vendors, personal purchases
Payroll Schemes – ghost employees, commission schemes, workers compensation, and false hours and wages
Expense Reimbursement Schemes – including overstated expenses, fictitious expenses, and multiple reimbursements
Check Tampering
Register Disbursements including false voids and refunds
Inventory and Other Assets
Inappropriate Use
Larceny (theft)
Corruption
Conflicts of Interest (unreported or undisclosed)
Bribery
Illegal Gratuities
Economic Extortion
False Statements
Fraudulent Financial Statements
False Representations (e.g., employment credentials, contracts, identification)
Specific Fraud Contexts
Bankruptcy Fraud
Contract and Procurement Fraud
Money Laundering
Tax Fraud
Investment Scams
Terrorist Financing
Consumer Fraud
Identity Theft
Check and Credit Card Fraud
Computer and Internet Fraud
Divorce Fraud (including hidden assets)
Intellectual Property
Business Valuation Fraud
Noteworthy Industry-Specific Fraud
Financial Institutions
Insurance Fraud
Health Care Fraud
Securities Fraud
Public Sector Fraud
