Sheriff Consulting

This case study examines Canada's largest gold heist, which occurred at Toronto Pearson International Airport on April 17, 2023, involving the theft of approximately 6,600 gold bars and foreign currency valued at over C$20 million. The course analyzes how a sophisticated fraud scheme exploited critical document verification failures, segregation of duties violations, and insider threats within Air Canada's cargo operations, focusing on the role of acting supervisor Simran Panesar who used his access to inventory systems and waybill printers to facilitate the theft. 

Through detailed examination of how thieves used a fraudulent waybill—created by altering a legitimate seafood shipping document—to steal $15 million US worth of assets in just 53 minutes, accounting professionals will learn to identify control weaknesses, recognize insider threat indicators, and apply fraud prevention strategies to protect high-value assets and prevent similar occupational fraud schemes in their organizations.