Page 133 - ACFE Fraud Reports 2009_2020

Retail Insurance — 78 Cases

Non-cash theft was the most commonly reported type Scheme Cases %
of fraud in the retail industry. These schemes typically Billing 23 29.5%
involved the theft of merchandise from warehouses and Check Tampering 12 15.4%
sales floors. Skimming and cash larceny — both of which
frequently involve the theft of cash at the point of sale — Expense Reimbursements 11 14.1%
were both cited in over 20% of the retail cases as well. Skimming 11 14.1%
Cash Larceny 8 10.3%
Education Non-Cash 7 9.0%
Payroll 4 5.1%
Billing fraud was the most common type of asset misap-
propriation identified in the 73 cases we received from the Wire Transfers 4 5.1%
education industry, followed by non-cash theft, expense Register Disbursements 0 0.0%
reimbursement fraud, and skimming.

Service (general)
Retail — 75 Cases
Skimming was the most commonly reported form of asset
misappropriation in the service industry cases we reviewed. Scheme Cases %
Skimming involves the theft of unrecorded sales and is very Non-Cash 22 29.3%
common in service businesses such as restaurants and bars Billing 16 21.3%
where a large number of cash sales are processed and where Skimming 16 21.3%
it is difficult to precisely match inventory to sales. Cash Larceny 16 21.3%

Check Tampering 7 9.3%
Service (professional, scientific or Expense Reimbursements 6 8.0%
technical) Register Disbursements 6 8.0%

In the professional, scientific and technical service indus- Payroll 4 5.3%
try, we received 58 cases. Billing fraud, check tampering, Wire Transfers 2 2.7%
expense reimbursement fraud, and payroll fraud were each
identified in over 20% of the cases from this industry.

Health Care — 89 Cases Education — 73 Cases
Scheme Cases % Scheme Cases %
Billing 22 24.7% Billing 26 35.6%
Skimming 17 19.1% Non-Cash 16 21.9%
Expense Reimbursements 16 18.0% Expense Reimbursements 15 20.5%
Non-Cash 14 15.7% Skimming 15 20.5%
Check Tampering 12 13.5% Payroll 13 17.8%
Payroll 11 12.4% Cash Larceny 11 15.1%
Cash Larceny 11 12.4% Check Tampering 9 12.3%
Wire Transfers 3 3.4% Wire Transfers 1 1.4%
Register Disbursements 0 0.0% Register Disbursements 1 1.4%

ACFE Report to the Nation on Occupational Fraud & Abuse 1