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Courses/Ethics/Business Ethics

Professional Ethics - Liquid Gold

Analyze the multi-million dollar maple syrup heist to master fraud prevention strategies and the critical importance of effective internal controls.

Created byGarth Sheriffworkspace_premium
4.8
(225 reviews)
BeginnerUpdated Dec 18, 2025
Professional Ethics - Liquid Gold

What You'll Learn

check_circleIdentify internal control and security failures.
check_circleAnalyze the mechanics of the maple syrup heist.
check_circleRecognize the risks posed by insider threats.
check_circleApply the Fraud Triangle to a major theft case.
check_circleDiscuss the necessity of physical audits.

About This Course

Join hosts Josh Seger and Garth Sharif in the course Professional Ethics - Liquid Gold, as they unpack one of the most bizarre and massive thefts in history: the Great Canadian Maple Syrup Heist. Far from a simple shoplifting case, this crime involved the systematic draining of the global strategic reserve managed by the FPAQ, the OPEC of the syrup world. With maple syrup valued higher than crude oil, this heist exposes the critical importance of internal controls, physical security, and the vigilance required to protect liquid assets.

This course moves beyond the headlines to analyze the mechanics of the fraud, where thieves replaced over 9,500 barrels of premium syrup with water. You will explore the Fraud Triangle through the lens of the perpetrators, including insiders and black market barrel rollers, and examine the rationalizations used to justify stealing from a conglomerate. The narrative culminates in the discovery of the scheme by an observant auditor, highlighting the vital role accountants play in detecting financial crimes.

Key learning outcomes include:

  • An overview of the 2011-2012 maple syrup heist, including the scale, valuation, and logistics of the theft.
  • Analysis of the internal control failures that allowed the theft to go undetected for nearly a year, such as the lack of surveillance cameras and inventory checks.
  • Application of the Fraud Triangle to understand the motivations and opportunities that led to the crime, including the role of insider threats like Avik Caron.
  • The significance of the audit process and physical inventory verification, demonstrating how a simple tap test by an accountant unraveled a multimillion-dollar scheme.

Whether you are interested in forensic accounting or simply fascinated by true crime, this course provides a compelling look at how a lack of oversight turned a warehouse of sticky sweet gold into a crime scene, and how professional ethics and due diligence eventually saved the day.

Your Instructors

Garth Sheriff
Garth Sheriff

Founder of Sheriff Consulting

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star12,603 reviews

I am the founder of Sheriff Consulting which specializes in the development and delivery of accounting, auditing and foundational skill courses and workshops. Teaching and working with professionals in diverse and dynamic learning environments has been my passion and experience for over 10 years. As a qualified Canadian Chartered Professional Accountant (CPA, CA) and U.S. Certified Public Accountant (CPA), I work with finance and accounting professionals in both the U.S. and Canada to meet their training and development needs. My goal has always been to create an engaging and interactive learning environment. To help my own path of continual improvement in achieving this goal, I have also received training and worked as a professional actor. I am a member of ACTRA (the Alliance of Canadian Cinema, Television and Radio Artists) and a graduate in improvisation from the Second City Training Centre. http://sheriffconsulting.com/

Josh  Sager
Josh Sager

Co-host of The Fraud Complex Podcast

Josh Sager is a co-host of The Fraud Complex podcast, bringing engaging storytelling and analysis to complex fraud cases. His background in performance and communication helps make intricate financial crimes accessible and memorable for professional audiences.

Credit Information

What Students Are Saying

4.8
Student's Choice
225 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.