Page 392 - ACFE Fraud Reports 2009_2020

Recovery of Losses
We also asked respondents about how much, if any, of the fraud losses the victim organization had recovered at
the time of the survey. Because many of the investigations were only recently completed and a large number of
legal proceedings were still underway as of the survey period, the recovery efforts of many of the victim organi-
zations are likely to continue for quite a while. However, survey participants reported that, as of the time of the
survey, 49% of victims had not recovered any losses. This finding is consistent with our previous research, which
indicates that between 40% and 50% of victim organizations do not recover any of their fraud losses. In contrast,
less than 16% of victims in our 2012 study had made a full recovery through restitution, insurance claims or
other means.

Recovery of Victim Organization’s Losses

48.7% 2012
No Recovery 47.7%
42.2%
15.0% 2010
Percent of Loss Recovered 26 – 50% 5.3% 9.1% 2008
15.4%
1 – 25%
16.6%
8.1%
9.9%
5.5%
51 – 75%
6.7%
6.9%
76 – 99%
6.4%
5.9%
15.8%
100% 14.8%
20.1%
0% 10% 20% 30% 40% 50% 60%

Percent of Cases

64 | 2012 REPORT TO THE NATIONS on occupational FRAUD and abuse