Besides Greed, What Motivates Insider Traders?

This article by  Andrew Snyder first appeared in the March/April 2017 issue of Fraud Magazine, a publication of the Association of Certified Fraud Examiners, Austin, TX © 2017. Re-posted here with permission.

Scott London, a senior partner at a Big 4 accounting firm, shared inside secrets to help a buddy in a tight financial spot. After following the rules for 26 years, why would he commit fraud? Insider traders - mostly males - do it for the money, of course, but they’re also influenced by hubris, feelings of conquest, playing seduction games and adrenaline highs.

Scott London seemed to have had it all. A senior partner at a Big 4 accounting firm, he had success, prestige and a big salary. Even...