Page 17 - ACFE Fraud Reports 2009_2020

• Case Study #15:
The purchasing manager and another employee cost a manufacturing company $2.8
million. They conspired with one of the company's suppliers to send bills to the company
for products never delivered. The manager and his employee would approve the fake

invoices for payment. The trio then split the money evenly.
Median Loss Per Number of Employees:

The study gathered information on the size of the defrauded organization by number of
employees. The median loss for organizations with 100 or fewer employees ($120,000) was
nearly the same as that for organizations with more than 10,000 employees ($126,000). On a per
capita basis, however, small organizations suffered the largest losses.