Fraud and the Capital Vices: Pride, Envy, and Greed: The global fight against fraud continues, despite persistent efforts to curb it.

The article "Fraud and the Capital Vices: Pride, Envy, and Greed" examines how these three capital vices—habitual moral failings rooted in classical and theological traditions—contribute to financial fraud by distorting professional character and ethical judgment. It connects these vices to the Fraud Diamond model, showing how pride, envy, and greed influence fraud through rationalization, capability, incentive, and opportunity. The authors highlight the importance of addressing these underlying vices through moral formation, reflective practices, virtuous leadership, and organizational culture changes to reduce fraud risk in accounting and finance. The article builds on ethical frameworks promoted by the Institute of Management Accountants (IMA) and emphasizes that vices are habits that can be mitigated through intentional ethical development rather than fixed traits. [Extracted from the article]