Page 389 - ACFE Fraud Reports 2009_2020
P. 389
Case Results
We asked respondents several questions about the
legal proceedings and loss recovery efforts in their
cases to help understand what happens to perpetra-
tors and their victims in the aftermath of a fraud.
Criminal Prosecutions
In more than two-thirds of the cases we reviewed, the
victim organization referred the case to law enforce-
ment authorities for criminal prosecution. The median
loss in these cases was $200,000, compared to a me-
dian loss of $76,000 for cases that were not referred.
Our research indicates that 40 – 50% of victim organizations do not recover any of their
fraud losses.
Cases Referred to Law Enforcement
2012
65.2% 2010
Case Reported to Police 34.8% 69.0% 2008
Yes
64.1%
No
35.9%
31.0%
0% 10% 20% 30% 40% 50% 60% 70% 80%
Percent of Cases 2012 REPORT TO THE NATIONS on occupational FRAUD and abuse |
61
