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News

White collar crime study results released

Marquet International : 20 January, 2009  (Technical Article)
Security consultancy releases highlights of its study into embezzlement cases during 2008
Marquet International has released a white collar crime study on major embezzlement cases active in 2008. The study has some noteworthy findings, including:

* The average loss was more than $2.2 million; the median loss was $500,000.
* Nearly 60 percent of the incidents involved female perpetrators
* However, male perpetrators accounted for more than 75 percent of all the losses
* 40 - 49 year olds caused nearly 50 percent of all the losses
* Nearly 25 percent of all losses were inflicted upon financial institutions
* Nearly half of the incidents were committed by employees who held finance & accounting positions
* The average scheme lasts nearly 4 and a half years

The Marquet International study examined 174 major embezzlement cases active in the US in 2008 - those with more than $100,000 in losses. "We were a little surprised to see that such a high percentage of incidents were perpetrated by women," said Christopher T. Marquet, CEO of Marquet International. "Nevertheless, since men accounted for three-quarters of the losses, the glass ceiling still exists as senior executives accounted for a disproportionately higher theft rate. Or perhaps men are just better at stealing."

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