Page 515 - ACFE Fraud Reports 2009_2020

Victim Organizations

Figure 38: Type of Victim Organization—Frequency and Median Loss

$200,000 40%
37.7%
$180,000 $178,000
$160,000
30%
28.6%
MEDIAN L OSS $80,000 $109,000 $100,000 $92,000 20% PERCENT OF CASES
$120,000

18.7%

10%
$40,000 10.1%
5.0%

$0 0%
Private Company Public Company Government Not-for-Profit Other

TYPE OF VICTIM ORGANIZATION
Median Loss Percent of Cases

Level of Government Organization
Because different levels of government vary in their operations and resources available to fight fraud, we further
analyzed the government organizations that were victimized by the frauds in our study. Figure 39 shows the frequency
of schemes for each level of government, as well as their respective median losses. Local, state/provincial, and federal
governments accounted for approximately the same amount of cases (around 30% each). However, the highest median
losses occurred at the federal level ($194,000); median losses at the state/provincial and local levels were significantly
smaller ($100,000 and $80,000, respectively).

Figure 39: Level of Government—Frequency and Median Loss

$194,000
$200,000 35%
32.3%
31.3% 30%
$160,000 30.1%
25%
MEDIAN L OSS $120,000 $80,000 $100,000 20%

15%
$80,000
$62,000
10% PERCENT OF GO VERNMENT VICTIM ORGANIZATIONS
$40,000 10.1%
6.3% 5%
$0 0%
Local State/Provincial Federal Other
LEVEL OF GO VERNMENT
Median Loss Percent of Government Victim Organizations

REPORT TO THE NATIONS ON OCCUPATIONAL FRAUD AND ABUSE 31