Page 561 - ACFE Fraud Reports 2009_2020

Case Results

Following the occurrence of a fraud, the victim organization might pursue civil litigation to help collect stolen assets.
Figure 104 reveals a noticeable drop in judgments in favor of victim organizations in such civil suits—40.4% in the 2016
report, as opposed to 51.4% in the 2014 report. It appears that an increase in settlements mostly accounted for this
change, rising from 30.6% of cases in the 2014 report to 40.4% of cases in the 2016 report. Judgments in favor of the
suspect occurred in 14.9% of cases in the current data, with little change over the past three reports.

Figure 104: Results of Civil Suits

2016 40.4% 40.4% 14.9% 4.4%

2014 51.4% 30.6% 13.9% 4.2%
Judgment for Victim
Settled
Judgment for Perpetrator
2012 49.4% 31.0% 14.9% 4.6%
Other
0% 20% 40% 60% 80% 100%

PERCENT OF CASES

Recovery of Losses
We asked respondents to provide the percentage of the loss that the victim organization recovered, and the results are
shown in Figure 105. The majority (58.1%) of victims had yet to recover any losses at the time of the survey, and only
12% of organizations had recovered all of their losses at that time. While many victims in our study might still be in the
process of recovering losses, the data shows that such efforts can take time and might never result in a full recovery.

Figure 105: Recovery of Victim Organization’s Losses

58.1%
No Recovery 58.4%
48.7%
PERCENT OF L OSS RECO VERED 26–50% 3.7% 5.5% 7.7%
12.5%
1–25%
11.7%
15.0%
8.9%
8.1%
51–75%
5.1%
4.8%
76–99%
3.5%
6.9%
2014
12.0%
100%
13.6%
2012
15.8% 2016
0% 10% 20% 30% 40% 50% 60% 70%
PERCENT OF CASES

REPORT TO THE NATIONS ON OCCUPATIONAL FRAUD AND ABUSE 77