- The average loss was more than $2.2 million; the median loss was $500,000
- Nearly 60 percent of the incidents involved female perpetrators
- However, male perpetrators accounted for more than 75 percent of all the losses
- The average adjusted age of perpetrators at the commencement of their embezzlement was 43.5 years old
- 40 – 49 year olds caused nearly 50 percent of all the losses
- Nearly ¼ of all losses were inflicted upon financial institutions
- Non-profit and religious organizations accounted for 10 percent of all the incidents
- Nearly half of the incidents were committed by employees who held finance & accounting positions
- The average scheme lasts nearly 4 ½ years
- The District of Columbia had the highest loss ratio followed by Nebraska, Louisiana, California and Oklahoma
- 20 percent of the cases involved conspiracies which accounted for 42 percent of the overall losses
- Nearly 6 percent of the cases involve perpetrators who had gambling problems
- Only 3 percent of the cases involved perpetrators who had a prior criminal history
I must admit that I was a little surprised at how many women are perpetrators of embezzlements. Although readers of FraudTalk may not be since there seems to be a preponderance of female embezzler cases profiled. To get a copy of the study, e-mail us at info@marquetinternational.com.
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