Page 15 - ACFE Fraud Reports 2009_2020

• Case Study #2019:
A married buyer for one company convinced his superiors that business supplies
purchased from three particular vendors were better than anything on the market. But the
buyer's judgment was clouded by the fact that these vendors together had paid him

$250,000 in kickbacks to buy their goods.
Median Loss by Education:

There is a linear relationship between education and median losses due to fraud and abuse.
Generally, those with more education occupy higher positions in their organizations and
therefore have more access to company funds and assets.