Page 171 - ACFE Fraud Reports 2009_2020

Recovering Losses Caused by losses. In 42.1% of those cases, the victim was not able to
Fraud recover any of its losses, and in another 23.4% the victim
recovered less than one-fourth of what had been stolen.
After organizations detect a fraud scheme, they are not In approximately one-sixth of the cases the victim made a
likely to make a full recovery of their losses. We asked re- complete recovery, but those cases tended to be small. The
spondents to tell us what percentage of the victim organi- median loss in schemes where a full recovery was obtained
zation’s losses were recovered through all methods (insur- was only $50,000. By contrast, the median loss in schemes
ance claims, restitution agreements, civil judgments, etc.). where there was no recovery was over three times as large,
We received 853 responses in which the CFE was able at $170,000.
to tell us how successful the victim was at recovering its

Recovery of Losses in Occupational Fraud Cases

42.1%
No Recovery 23.4%
Amount Recovered 26-50% 6.0%
1-25%
6.8%

51-75%
5.3%
76-99%
16.4%
100%

0% 10% 20% 30% 40% 50%
Percent of Cases

ACFE Report to the Nation on Occupational Fraud & Abuse