[HEADNOTE]
HOW ONE FICTITIOUS FRAUDSTER SLIPPED THROUGH THE CRACKS IN A FLAWED INTERNAL CONTROL SYSTEM
[IMAGE PHOTOGRAPH]
Photo [Not Transcribed]
Thomas MacNeil, president of General Manufacturing Ltd., listened in cold silence to the voice on the telephone. The caller, a would-be supplier, was accusing MacNeil's plant manager, Bob Adams, of accepting kickbacks from Equipment Maintenance Inc., a company that had been awarded a maintenance contract by General Manufacturing in each of the past three years.
According to the caller, Equipment Maintenance was owned by Carl Brown, a former employee of General Manufacturing. Brown had lost his job not long …
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