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Introduction

Exhibit 1.8

2006 National Fraud Survey: Median Loss by Gender

Gender of Perpetrator

Male

Female

$102,000

$250,000

$0

$ 50,000

$100,000 $150,000 Median Loss

$ 200,000

$ 250,000

$ 300,000

The Effect of Age

One of the most noticeable trends of our 2006 survey was the direct and linear correla- tion between age and median loss, shown in Exhibit 1.10. The reason for the trend, we believe, is that those in an organization who are older generally tend to occupy higher- ranking positions with greater access to revenues, assets, and resources. In other words, we believe age to be only a secondary factor to that of position as a predictor of relative fraud losses.

Those in the oldest age group were responsible for median losses almost 29 times higher than the youngest perpetrators. Furthermore, although some studies, including Hollinger-Clark, have suggested that younger employees are more likely to commit occupational crime, only 6 percent of the frauds in our 2006 study were committed by

Exhibit 1.9

2006 National Fraud Survey: Percent of Cases by Gender

Gender of Perpetrator

Male

Female

39.0%

61.0%

0.0%

10.0%

20.0%

30.0% 40.0% Percent of Cases

50.0%

60.0%

70.0%

29

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