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CORPORATE FRAUD HANDBOOK

Exhibit 1.14

2006 National Fraud Survey: Percent of Cases by Number of Perpetrators

Number of Perpetrators

Two or more

One

39.7%

60.3%

0.0%

20.0%

40.0% Percent of Cases

60.0%

80.0%

single perpetrator, but when two or more persons conspired, the median loss more than quadrupled. (See Exhibits 1.14 and 1.15.)

The Effect of Tenure

The 2006 survey revealed a direct correlation between the length of time an em- ployee had been employed by a victim organization and the size of the loss in the case. Employees who had been with the victim for ten years or more caused median losses of $263,000, whereas employees who had been with their employers for one year or less

Exhibit 1.15

2006 National Fraud Survey: Median Loss by Number of Perpetrators

Number of Perpetrators

Two or more

One

$100,000

$485,000

$0

$100,000

$200,000 $300,000 Median Loss

$400,000

$500,000

$600,000

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