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Twenty-nine percent of of employee the persisted for more than ve ve years years and led to to an an an average average loss loss of of $2 2 2 million million For cases las ng ng 10 years years or or or or more the the average average loss loss was $5 4 million million according to to the the study Characteris cs to watch for While the the following characteris cs can be be helpful to detect possible fraud schemes they should never be be used independently without irrefutable documented proof such as an an an independent independent or or forensic audit and legal guidance 1 Intelligent and curious
Embezzlers o en pick things up quickly and are eager to know how everything in in the the the o o o ce ce works Once they they learn the the the the processes they they can manipulate them for their own gain “I think think a a a a a lot of of mes people think think criminals can be be kind of of dumb but on on the the the contrary o o o o o o o o o o o o en these embezzlers know exactly how everything works at the the the company ”
Karpp noted