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Daniel Ongele Sentencing
Name
Institution
Course
Instructor
Date
, 2
Daniel Ongele Sentencing
Kinds of Financial Crime
Daniel Ongele is accused of fraud, theft, and manipulation, all crimes that Petter
Gottschalk organized into four main categories. Fraud is the main issue we must worry about in
this case. The Justice Department revealed that Ongele used his job to access account details
from elderly clients and use them to make unauthorized transactions. Going against the law for
the intent to gain is what Gottschalk calls the essence of fraud. Furthermore, e-commerce theft is
categorized as theft as well as fraud. According to the Department of Justice (2023), Taking
money from victim accounts without permission is considered stealing someone else’s property.
There was no trickery or fraud when L picked the purse, so this is labeled as theft by Gottschalk.
He also used manipulation, as Ongele deposited and tried depositing illegal checks into accounts
belonging to his accomplices. By changing the usual ways of doing business, the employees
violated Gottschalk’s definition of manipulation by illegally changing systems or data. Unlike
some other cases, Ongele does not seem to have any corruption in his offenses. He did not take
advantage of a position in authority, nor did he involve people in positions of power in his
crimes, which is a central element of corruption, according to Gottschalk. In general, Ongele
displayed fraud, theft, and manipulation, showing three different ways, he took advantage of
both victims and financial establishments. Because the government did not get involved, the
situation is not considered corrupt. In other words, the financial crimes he committed follow
several of the categories proposed by Gottschalk.
Fraud Theory Application (Fraud Triangle)
A better way to analyze what Daniel Ongele did is by seeing how Petter Gottschalk’s
Fraud Triangle fits his case, consisting of incentives or pressures, the existence of opportunities,
Daniel Ongele Sentencing
Name
Institution
Course
Instructor
Date
, 2
Daniel Ongele Sentencing
Kinds of Financial Crime
Daniel Ongele is accused of fraud, theft, and manipulation, all crimes that Petter
Gottschalk organized into four main categories. Fraud is the main issue we must worry about in
this case. The Justice Department revealed that Ongele used his job to access account details
from elderly clients and use them to make unauthorized transactions. Going against the law for
the intent to gain is what Gottschalk calls the essence of fraud. Furthermore, e-commerce theft is
categorized as theft as well as fraud. According to the Department of Justice (2023), Taking
money from victim accounts without permission is considered stealing someone else’s property.
There was no trickery or fraud when L picked the purse, so this is labeled as theft by Gottschalk.
He also used manipulation, as Ongele deposited and tried depositing illegal checks into accounts
belonging to his accomplices. By changing the usual ways of doing business, the employees
violated Gottschalk’s definition of manipulation by illegally changing systems or data. Unlike
some other cases, Ongele does not seem to have any corruption in his offenses. He did not take
advantage of a position in authority, nor did he involve people in positions of power in his
crimes, which is a central element of corruption, according to Gottschalk. In general, Ongele
displayed fraud, theft, and manipulation, showing three different ways, he took advantage of
both victims and financial establishments. Because the government did not get involved, the
situation is not considered corrupt. In other words, the financial crimes he committed follow
several of the categories proposed by Gottschalk.
Fraud Theory Application (Fraud Triangle)
A better way to analyze what Daniel Ongele did is by seeing how Petter Gottschalk’s
Fraud Triangle fits his case, consisting of incentives or pressures, the existence of opportunities,
