Alarming Issues: The Case of the Corrupt Security Industry Executive

Alarming Issues: The Case of the Corrupt Security Industry Executive

  • Case
  • Teaching Notes
  • Supplementary Resources
Abstract

Curtis Pietro was the highly-regarded 24-year employee and Vice President of Finance of Glessner Security, a family owned firm in western Maryland. After his fraudulent actions were discovered, he was indicted on 82 counts of felony theft, forgery, and uttering. He was sentenced to two concurrent six-year prison terms and 94 years of a suspended sentence with a five-year supervised probation upon release. He also was ordered to pay restitution to Glessner. This case illustrates the ways he funnelled company funds into his personal resources, the signals of the nearly $1 million in theft, and the legal repercussions. Students are challenged to identify occupational fraud schemes and put themselves into Neil Glessner’s shoes to identify methods of fraud prevention.

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