- Characteristics of the Schemes
- Characteristics of the Perpetrators
- Characteristics of the Victim Organizations
- Judicial Consequences
- The average loss was nearly $1 million
- The most common embezzlement scheme involved the forgery or unauthorized issuance of company checks
- Two-thirds of the incidents were committed by employees who held finance & accounting positions
- The average scheme lasted more than 4½ years
- The average prison sentence for major embezzlers was just under 4 years
- Nearly 2/3 of all incidents involved female perpetratorsNearly 20 percent of all losses were inflicted upon financial institutions
The study also reported some conclusions Marquet derived by combining the data from past three years’ reports:
- Women are more likely to embezzle on a large scale than men.
- Men embezzle significantly more than women per scheme.
- Perpetrators typically begin their embezzlement schemes in their early 40s.
- By a significant margin, embezzlers are most likely to be individuals who hold financial positions within organizations.
- The Financial Services industry suffers the greatest losses from major embezzlements.
- Gambling is a clear motivating factor in driving some major embezzlement cases.
- Only about 5 percent of major embezzlers have a prior criminal history.
A copy of The 2010 Marquet Report On Embezzlement can be obtained by calling (917) 733-1038 or e-mailing a request to firstname.lastname@example.org. Marquet International also publishes a white collar crime blog at http://fraudtalk.blogspot.com/ which chronicles a variety of active white collar crime cases including major embezzlements.
About Marquet international Ltd.
Marquet International is a boutique business investigations, due diligence, litigation support and security consulting firm, based in Boston. Marquet International focuses on providing clients with strategic intelligence to make sound business decisions. Led by long-time industry expert, Christopher T. Marquet, the firm provides Corporate Intelligence & Due Diligence services in corporate transactions and to vet key personnel. It also provides Litigation Support and Corporate Investigation services on behalf of general counsel and law firms representing clients in matters involving fraud and employee misconduct, intellectual property disputes, hostile takeovers, asset recovery, electronic evidence and forensic accounting. The firm also provides a wide range of security consulting services.
For more information about the firm, go to http://www.marquetinternational.com/.
Update: The 2010 Marquet Report On Embezzlement can be found here.