How can a well-known board game, such as “Monopoly”, help prevent fraud and embezzlement?
Per the instructions: “The Banker. Choose a player to be the Banker who will look after the Bank and take charge of auctions. It is important that the banker keeps his (or her) personal funds and properties separate from the Bank’s.”
Great instructions. Also, great lessons for family play, teaching your children the importance of not co-mingling funds, and also the temptation of stealing from the bank.
Although I must have seen these instructions growing up and playing Monopoly years ago, it wasn’t until we recently purchased Monopoly for our family this holiday season that I noticed this section of the instructions. Simple, but clearly establishes that “The Banker” has a fiduciary duty to the other players and the bank.
I have investigated much embezzlement perpetrated by individuals with fiduciary duties and responsibilities, such as trustees, conservators, guardians, administrators of estates, and holders of power of attorney (also known as attorney in fact). It is all too common for fiduciaries to co-mingle their funds with the fiduciary’s funds, and also to inappropriately use either the co-mingled funds or the fiduciary’s funds for personal purposes.
What can be learned from Monopoly’s instructions? Perhaps a similar message should be added and emphasized whenever a fiduciary relationship is established, whether by choice (power of attorney) or by some legal process. Maybe if this is emphasized and also audited on a regular basis, the frequency of occurrence will decrease.
Here’s the URL to the official “Monopoly” game site:
21 thoughts on “The Game Of Monopoly: Preventing Fraud?”
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true to the definition, by maintaining power and influence and domination over a period of generations. Within that there have been several periods of dynasty teams for the Yankees, the most recent being the ’96 forward group. I think a lot of fans of other teams have always heard about dynasties, so they want their own dynasty, so latch onto the word when they have a nice run. I don’t see it that way.
There are certainly a lot of details like that to take into consideration. That is a great point to bring up. I offer the thoughts above as general inspiration but clearly there are questions like the one you bring up where the most important thing will be working in honest good faith. I don?t know if best practices have emerged around things like that, but I am sure that your job is clearly identified as a fair game.
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