Who is Most Likely to Commit Fraud at Your Company?

Via ACFE Insights.

The ACFE's 2010 Report to the Nations on Occupational Fraud and Abuse is based on data compiled from a study of 1,843 cases of occupational fraud that occurred worldwide between January 2008 and December 2009. All information was provided by the Certified Fraud Examiners (CFEs) who investigated those cases. The fraud cases in our study came from 106 nations — with more than 40 percent of cases occurring in countries outside the United States — providing a truly global view into the plague of occupational fraud.

Key findings about fraud perpetrators from the 84-page Report include:

• High-level perpetrators cause the greatest damage to their organizations.

• Fraud offenders were likely to be found in one of six departments.
  
• More than half of all cases in the study were committed by individuals between the ages of 31 and 45.

• Most of the fraudsters in the study had never been previously charged or convicted for a fraud-related offense.

• Fraud perpetrators often display warning signs that they are engaging in illicit activity.

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