1) Summarize the facts of the case.
2) Re-read Chapter 4 -Preventing Fraud- in the text or online with emphasis on what should be in a good system of internal controls and what controls were missing at Crazy Eddie: segregation of duties,authorization, physical controls, physical checks, independent checks, and documentation (COSO).
Did Crazy Eddie understand how to create a culture of honesty, openness, and assistance ?
Did Crazy Eddie understand the importance of proactive fraud auditing ?
How could the Crazy Eddie fraud been detected earlier ?
Who were the victims of the Crazy Eddie fraud ?
What happened to Eddy and Sammy Antar ?
What did you learn from the case ?