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Why does fraud happen?

For most people, money means many things in life. They work from dawn to dusk to earn and accumulate wealth. In the process, they fail to take care of vital health by ignoring food and respite, but they go through all the austerities to save money. In the end, they leave a farm without enjoying life. The heirs bury or burn the corpse, but not the corpus or the wealth left by the dead.

People’s aspirations are varied and endless. Each person wishes to possess a lot of money and power to satisfy their dreams and desires. It is a natural characteristic of the human being, but it is striking due to its absence in animals or birds. A tiger will not seek prey when its stomach is full. A crow will not forage for food unless it is hungry. Only man remains restless due to his growing hunger for money and power. Since hard work takes time, you embark on illegitimate methods and shortcuts to reach your goal quickly. Fraud is the easiest way of all time. Here, the eight main reasons and antecedents that give rise to fraud are discussed.

Selfishness is still the main source of all fraud. When a person dedicates himself to protecting the interests of his family and friends, he resorts to fraudulent practices. A varsity manager reportedly got the job by paying a huge sum to a corrupt political leader. Imagine the fate of education in that institution.

Failure to comply with the rules leads to the incidence of fraud. Failure to adhere to systems and procedures ended in loss of life and property, as the greedy officer issued a license to run a school in an unsuitable building. Lower quality weapons were obtained to obtain personal favors.

Risk-prone technology leaves room for fraud. Gullible people are fooled by sophisticated digital methods like identity fraud, vishing, smiling and brushing. The software is used to collect vital personal information from vulnerable netizens when they log onto the Internet.

Negligence makes even an innocent mind waver. Careless handling of documents and disclosure of credit card and bank details by account holders results in diversion of funds by scammers.

Insider plays the trick. Stock prices rise artificially when a person in the business manipulates the supply or demand for the shares. The youngest brother in a family made a will to deprive his two brothers of the shares in their mother’s inheritance.

Irrational goals create fraud. Field staff hire intermediaries and brokers to secure more business by diluting rules and purpose. The family planning numbers were obtained by listing the elderly and the dead.

Imitation Effects. People who forget their abilities and income level copy the lifestyle of other people who live in the neighborhood. It is seen as a prestige problem that affects one’s status in society. To cope with the increased financial needs, an individual resorts to heavy loans or scams such as embezzlement of office funds and seeking bribes for office work.

Politics pollutes society. To stay in power and fill the party coffers, most politicians use corruption and fraud as their main strategy. Money and muscle power dominate not only during election time, but also in the formation of governments. Capturing the booth and casting the fake votes are the usual fraudulent tactics that are adopted to obtain the desired results of the polls.

Behind all the scams there are two common aspects: the opportunity and the desire for more money and power. Fraud happens every day at all levels of the family, society, business and government. However, these frauds are exposed with certainty and belatedly. Very few people do not succumb to the evils of money and power, as they know that true happiness lies in sharing love and affection.

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